On January 1, 2020,PharoahLimited had shares outstanding as follows:

5% cumulative preferred shares, $100par value,10,700shares issued and outstanding$1,070,000Common shares,207,000shares issued and outstanding2,070,000

To acquire the net assets of three smaller companies, the company authorized the issuance of an additional333,000common shares. The acquisitions were as follows:

Date of AcquisitionShares Issued Company A: April 1, 2020 1 99,000

Company B: July 1, 2020 113,000

Company C: October 1, 2020 21,000

On May 14, 2020,Pharoahrealized a $96,000gain (before tax) on a discontinued operation from a business segment that had originally been purchased in 2000.

On December 31, 2020, the company recorded income of $659,000before tax, not including the discontinued operation gain.Pharoahhas a40% tax rate.

Calculate the earnings per share for 2020 as it should be reported to shareholders.(Round answer to 2 decimal places, e.g. 15.25.)

Earnings per shareIncome before gain from discontinued operations$

enter a dollar amount

Discontinued operations gain net of tax$

enter a dollar amount

Net income$

enter a total amount

Assume thatPharoahdeclared a1-for-2reverse stock split on February 10, 2021, and that the company's financial statements for the year ended December 31, 2020, were issued on February 28, 2021.

Calculate earnings per share for 2020 as it should be reported to shareholders.(Round answer to 2 decimal places, e.g. 15.25.)

Earnings per shareIncome before gain from discontinued operations$

enter a dollar amount

Discontinued operations gain net of tax$

enter a dollar amount

Net income$

enter a total amount