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On January 1, 2020, Teal Industries had stock outstanding as follows. 8% Noncumulative preferred stock, $100 par value, issued and outstanding 231,000 shares $23,100,000 Common

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

8% Noncumulative preferred stock, $100 par value, issued and outstanding 231,000 shares $23,100,000
Common stock, $1 par value, issued and outstanding 633,000 shares 633,000

To acquire the net assets of three smaller companies, Teal issued an additional 600,000 common shares. The acquisitions took place as follows.

Date of Acquisition

Shares Issued

MicroBio February 1, 2020

192,000

BioTech June 1, 2020

78,000

SuperBio November 1, 2020

330,000

On December 31, 2020, Teal reported net income of $10,520,000 before taxes. No dividends on the common or preferred stock were declared during 2020. Assuming a 40% tax rate, compute the earnings per share data that should appear on the financial statements of Teal Industries as of December 31, 2020. (Round answer to 2 decimal places, e.g. 2.55.)

Earnings per share

$enter the earnings per share in dollar rounded to 2 decimal places

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