SEE ATTACHED

Eisler Corporation issued2,370$1,000bonds at102. Each bond was issued with one detachable stock warrant. After issuance, the bonds were selling in the market at97, and the warrants had a market price of $42.

Use the proportional method to record the issuance of the bonds and warrants.(Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Do not round intermediate calculations. Round final answers to 0 decimal places, e.g. $2,575.)

On January 1, 2014, Lennon Industries had stock outstanding as follows.

6% Cumulative preferred stock, $116par value,issued and outstanding11,800shares

$1,368,800

Common stock, $11par value, issued andoutstanding285,600shares

3,141,600

To acquire the net assets of three smaller companies, Lennon authorized the issuance of an additional253,200common shares. The acquisitions took place as shown below.

Date of Acquisition

Shares Issued

Company A April 1, 2014

104,400

Company B July 1, 2014

123,600

Company C October 1, 2014

25,200

On May 14, 2014, Lennon realized a $148,800(before taxes) insurance gain on the expropriation of investments originally purchased in 2000.

On December 31, 2014, Lennon recorded net income of $379,200before tax and exclusive of the gain.

Assuming a47% tax rate, compute the earnings per share data that should appear on the financial statements of Lennon Industries as of December 31, 2014. Assume that the expropriation is extraordinary.(Round answer to 2 decimal places, e.g. $2.55.)

Eisler Corporation issued 2,370 $1,000 bonds at 102. Each bond was issued with one detachable stock warrant. After issuance, the bonds were selling in the market at 97, and the warrants had a market price of $42. Use the proportional method to record the issuance of the bonds and warrants. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Do not round intermediate calculations. Round final answers to 0 decimal places, e.g. $2,575.) Account Titles and Explanation Debit Cash Credit 2417400 Discount on B Bonds Payable 2370000 Paid-in Capital On January 1, 2014, Lennon Industries had stock outstanding as follows. 6% Cumulative preferred stock, $116 par value, issued and outstanding 11,800 shares Common stock, $11 par value, issued and outstanding 285,600 shares $1,368,800 3,141,600 To acquire the net assets of three smaller companies, Lennon authorized the issuance of an additional 253,200 common shares. The acquisitions took place as shown below. Date of Acquisition Company A April 1, 2014 Company B July 1, 2014 Company C October 1, 2014 Shares Issued 104,400 123,600 25,200 On May 14, 2014, Lennon realized a $148,800 (before taxes) insurance gain on the expropriation of investments originally purchased in 2000. On December 31, 2014, Lennon recorded net income of $379,200 before tax and exclusive of the gain. Assuming a 47% tax rate, compute the earnings per share data that should appear on the financial statements of Lennon Industries as of December 31, 2014. Assume that the expropriation is extraordinary. (Round answer to 2 decimal places, e.g. $2.55.) Lennon Industries Income Statement For the year ended December 31, 2014 $ EAT_1363756936 Income Before Extraordinary Item EAT_1363756936 Extraordinary Gain $ EAT_1363756936 Net Income / (Loss)