Question: On January 1 , 2 0 2 5 , Ivanhoe Industries had stock outstanding as follows. table [ [ 6 % Cumulative preferred stock,

On January 1,2025, Ivanhoe Industries had stock outstanding as follows.
\table[[6% Cumulative preferred stock, $100 par value, issued and outstanding 10,600 shares,$1,060,000 On May 14,2025 ivanhoe realized a $86,400 before taxes gain on discontinued operations. On December 31,2025 they 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 as of December 31,2025.
On January 1,2025, Ivanhoe Industries had stock outstanding as follows. \table[[6%

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