Your answer is partially correct. Try again. On January 1, 2012, Bailey Industri

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Your answer is partially correct. Try again. On January 1, 2012, Bailey Industries had stock outstanding as follows. 6% Cumulative preferred stock, $112 par value, issued and outstanding 10,300 shares $1,153,600 Common stock, $12 par value, issued and outstanding 237,600 shares 2,851,200 To acquire the net assets of three smaller companies, Bailey authorized the issuance of an additional 230,400 common shares. The acquisitions took place as shown below. Date of Acquisition Shares Issued Company A April 1, 2012 90,000 Company B July 1, 2012 112,800 Company C October 1, 2012 27,600 On May 14, 2012, Bailey realized a $136,800 (before taxes) insurance gain on the expropriation of investments originally purchased in 2000. On December 31, 2012, Bailey recorded net income of $391,200 before tax and exclusive of the gain. Assuming a 50% tax rate, compute the earnings per share data that should appear on the financial statements of Bailey Industries as of December 31, 2012. Assume that the expropriation is extraordinary. (Round answer to 2 decimal places, e.g. $2.55.)

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