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On January 1, 2020, Sandhill Industries had stock outstanding as follows. 6% Cumulative preferred stock, $100 par value, issued and outstanding 9,200 shares $920,000 Common

On January 1, 2020, Sandhill Industries had stock outstanding as follows.

6% Cumulative preferred stock, $100 par value, issued and outstanding 9,200 shares $920,000
Common stock, $10 par value, issued and outstanding 191,000 shares 1,910,000

To acquire the net assets of three smaller companies, Sandhill authorized the issuance of an additional 157,200 common shares. The acquisitions took place as shown below.

Date of Acquisition

Shares Issued

Company A April 1, 2020 49,200
Company B July 1, 2020 78,000
Company C October 1, 2020 30,000

On May 14, 2020, Sandhill realized a $87,600 (before taxes) insurance gain on discontinued operations. On December 31, 2020, Sandhill recorded income of $283,200 from continuing operations (after tax). Assuming a 20% tax rate, compute the earnings per share data that should appear on the financial statements of Sandhill Industries as of December 31, 2020. (Round answer to 2 decimal places, e.g. $2.55.)

Sandhill Industries Income Statement

$

$

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