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On January 1, 2020. Splish Industries had stock outstanding as follows. $1.060.000 6% Cumulative preferred stock $100 per value, issued and outstanding 10.600 shares Common
On January 1, 2020. Splish Industries had stock outstanding as follows. $1.060.000 6% Cumulative preferred stock $100 per value, issued and outstanding 10.600 shares Common stock. $10 par value, issued and outstanding 195.000 shares 1,950,000 To acquire the net assets of three smaller companies. Splish authorized the issuance of an additional 158.400 common shares. The acquisitions took place as shown below. Date of Acquisition Company A. April 1, 2020 Company B July 1, 2020 Company C October 1, 2020 Shares Issued 52,800 76,800 28.800 On May 14.2020. Splish realized a $86.400 (before taxes) insurance gain on discontinued operations. On December 31, 2020. Splish recorded income of $276,000 from continuing operations (after tax). Assuming a 25% tax rate, compute the earnings per share data that should appear on the financial statements of Splish Industries as of December 31, 2020. (Round answer to 2 decimal places, eg. $2.55.) Splish Industries Income Statement
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