Question: Your answer is partially correct. On January 1, 2020, Culumber Industries had stock outstanding as follows. $960,000 63 Cumulative preferred stock $100 par valus, issued

Your answer is partially correct. On January 1, 2020, Culumber Industries

Your answer is partially correct. On January 1, 2020, Culumber Industries had stock outstanding as follows. $960,000 63 Cumulative preferred stock $100 par valus, issued and outstanding 9,600 shares Common stock $10 par value issued and outstanding 193,000 shares 1,830,000 To acquire the net assets of thressmalar companica, Cullumbar authorized the issuance of an actional 152,400 common shares. The acquisitions took place as shown below. Shares Issued Date of Acquisition Company A.April 1, 2020 Company July 1, 2020 Company October 1, 2020 49,000 80,400 30,000 On May 14 2020, Cullumber realized a $92,400 (before taxes) insurance sain on discontinued operations. On December 31, 2020, Cullumber recorded income of $320,400 from continuing operations after tax). Assuminga 25 tax rats, compute the samnings per share data that should appear on the financial statements of Cullumber Industries as of December 31, 2020. (Round answer to 2 decimal places, es $2.55.) Cullumber Industries Income Statement For the Year Ended December 31, 2020 Income From Continuing Operations 1.13 Decontinued Operations Calm, Net of Tax Net Income / Load 1.25 e Textbook and Media Save for La Attempts: 14 of 15 used Submit

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