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To acquire the net assets of three smaller companies, Blossom authorized the issuance of an additional 158,400 common shares. The acquisitions took place as shown
To acquire the net assets of three smaller companies, Blossom authorized the issuance of an additional 158,400 common shares. The acquisitions took place as shown below. On May 14, 2025, Blossom realized a \$86,400 (before taxes) gain on discontinued operations. On December 31, 2025, Blossom recorded income of $309,600 from continuing operations. Assuming a 20% tax rate, compute the basic earnings per share data that should appear on the financial statements of Blossom Industries as of December 31, 2025. (Round answers to 2 decimal places, e.g. 2.55.)
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