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On January 1,2025, Oriole Industries had stock outstanding as follows. 6% Cumulative preferred...

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Accounting

On January 1,2025, Oriole Industries had stock outstanding as follows.
6% Cumulative preferred stock, $100 par value, issued and outstanding 9,200 shares $920,000
Common stock, $10 par value, issued and outstanding 191,000 shares
1,910,000
To acquire the net assets of three smaller companies, Oriole authorized the issuance of an additional 157,200 common shares. The
acquisitions took place as shown below.
On May 14,2025, Oriole realized a $87,600(before taxes) gain on discontinued operations. On December 31,2025, Oriole recorded
income of $283,200 from continuing operations.
Assuming a 20% tax rate, compute the basic earnings per share data that should appear on the financial statements of Oriole
Industries as of December 31,2025.(Round answers to 2 decimal places, e.g.2.55.)
ORIOLE INDUSTRIES
Income Statement
For the Year Ended December 31,2025
Income from Continuing Operations
$
Discontinued Operations Gain, Net of Tax
$
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