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To acquire the net assets of three smaller companies, Sunland 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, Sunland authorized the issuance of an additional 158,400 common shares. The acquisitions took place as shown below. On May 14, 2025, Sunland realized a $91,200 (before taxes) gain on discontinued operations. On December 31,2025 , Sunland recorded income of $298,800 from continuing operations. Assuming a 20% tax rate, compute the basic earnings per share data that should appear on the financial statements of Sunland Industries as of December 31,2025 . (Round answers to 2 decimal places, e.g. 2.55.)
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