On January $1,2025,$ Ivanhoe Industries had stock outstanding as follows.

$6\%$ Cumulative preferred stock, $$100$ par value, issued and outstanding $10,600$ shares $$1,060,000$

Common stock, $$10$ par value, issued and outstanding $195,000$ shares $1,950,000$

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

Company A April $1,2025$

$52,800$

Company B July $1,2025$

$76,800$

Company C October $1,2025$

$28,800$

On May $14,2025,$ Ivanhoe realized a $$86,400($before taxes$)$ gain on discontinued operations. On December $31,2025,$ Ivanhoe recorded income of $$276,000$ from continuing operations.

Assuming a $25\%$ tax rate, compute the basic earnings per share data that should appear on the financial statements of Ivanhoe Industries as of December $31,2025.($Round answers to $2$ decimal places, e$.$g$.2\mathrm{.}55.)$

IVANHOE INDUSTRIES

Income Statement

choose the accounting period