owesubject-Accounting BLOSSOM INDUSTRIESIncome StatementLAEA On January 1, 2025, Blossom Industries had stock outstanding as follows.6% Cumulative preferred stock, $100 par value, issued and outstanding 9,800 sharesCommon stock, $10 par value, issued and outstanding 206,000 sharesTo acquire the net assets of three smaller companies, Blossom authorized the issuance of an additional 158,400 common shares. Theacquisitions took place as shown below.Date of AcquisitionCompany A April 1, 2025Company B July 1, 2025Company C October 1, 2025Shares Issued48,00080,40030,000$980,0002,060,000On May 14, 2025, Blossom realized a $88,800 (before taxes) gain on discontinued operations. On December 31, 2025, Blossomrecorded income of $274,800 from continuing operations.Assuming a 25% tax rate, compute the basic earnings per share data that should appear on the financial statements of BlossomIndustries as of December 31, 2025. (Round answers to 2 decimal places, e.g. 2.55.)BLOSSOM INDUSTRIESIncome Statement

Income statement shows company's income and expenses over a period of time.Revenues, Expenses, and…

On May 14, 2025, Blossom realized a $88,800 (before taxes) gain on discontinued operations. On December 31, 2025, Blossom recorded income of $274,800 from continuing operations. Assuming a 25% tax rate, compute the basic earnings per share data that should appear on the financial statements of Blossom Industries as of December 31, 2025. (Round answers to 2 decimal places, eg. 2.55) BLOFFON