Question 1 of 4 -110 = 3 On January 1, 2020, Ivanhoe Industries had stock outstanding as follows. 6% Cumulative preferred stock, $100 par value, issued and outstanding 9,400 shares $940,000 Common stock, $10 par value, issued and outstanding 219,000 shares 2,190,000 To acquire the net assets of three smaller companies, Ivanhoe authorized the issuance of an additional 158.400 common shares. The acquisitions took place as shown below. Date of Acquisition Shares Issued 51,600 Company A April 1, 2020 76,800 Company B July 1, 2020 30,000 Company C October 1, 2020 O [ Question 1 of 4 - 110 E On May 14, 2020, Ivanhoe realized a $86,400 (before taxes) insurance gain on discontinued operations. On December 31, 2020, Ivanhoe recorded income of $326,400 from continuing operations (after tax). Assuming a 20% tax rate, compute the earnings per share data that should appear on the financial statements of Ivanhoe Industries as of December 31, 2020. (Round answer to 2 decimal places, eg. $2.55.) Ivanhoe Industries Income Statement $ $ O