On July 1, 202, Alan Enterprises merged with Terry Corporation through an exchange of stock and the subsequent lquidation of Terry. Alan issued 200,000 shares of its stock to effect the combination. The book values of Terry's assets and llabilities were equal to their fair values at the date of combination, and the value of the shares exchanged was equal io Cherry's book value. Information relating to income for the companies is as follows: Alan Enterprises had 1,000,000 shares of stock outstanding prior to the combination. Remember that when calculating earnings per share (EPS) for the year of the combination, the shares Issued in the combination were not outstanding for :he entire year. Required: Compute the net income and earnings-per-share amounts that would be reported in Alan's 202 comparative income statements for both 202 and 201. (Round earnings per share to 2 decimal places.) Answer is complete but not entirely correct