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On January 1, 2025, Crane Industries had stock outstanding as follows. 6% Cumulative preferred stock, $100 par value, issued and outstanding 10,100 shares Common
On January 1, 2025, Crane Industries had stock outstanding as follows. 6% Cumulative preferred stock, $100 par value, issued and outstanding 10,100 shares Common stock, $10 par value, issued and outstanding 180,000 shares $1,010,000 1,800,000 To acquire the net assets of three smaller companies, Crane authorized the issuance of an additional 159,600 common shares. The acquisitions took place as shown below. Date of Acquisition Shares Issued Company A April 1, 2025 50,400 Company B July 1, 2025 80,400 Company C October 1, 2025 28,800 On May 14, 2025, Crane realized a $88,800 (before taxes) gain on discontinued operations. On December 31, 2025, Crane recorded income of $312,000 from continuing operations. Assuming a 20% tax rate, compute the basic earnings per share data that should appear on the financial statements of Crane Industries as of December 31, 2025. (Round answers to 2 decimal places, e.g. 2.55.) CRANE INDUSTRIES Income Statement $ $
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