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

On January 1,2025, Ivanhoe Industries had stock outstanding as follows.
\(6\%\) Cumulative preferred stock, \$100 par value, issued and outstanding 9,700 shares \$970,000
Common stock, \$10 par value, issued and outstanding 203,000 shares 2,030,000
To acquire the net assets of three smaller companies, Ivanhoe authorized the issuance of an additional 163,200 common shares. The acquisitions took place as shown below.
On May 14,2025, Ivanhoe realized a \$91,200(before taxes) gain on discontinued operations. On December 31,2025, Ivanhoe recorded income of \(\$ 330,000\) from continuing operations.
Assuming a 20\% tax rate, compute the basic earnings per share data that should appear on the financial statements of lvanhoe Industries as of December 31,2025.(Round answers to 2 decimal places, e.g.2.55.)
IVANHOE INDUSTRIES Income Statement
\$
On January 1 , 2 0 2 5 , Ivanhoe Industries had

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