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On December 31, 2019, Sandhill Corporation had 142,800 common shares outstanding. On April 30, 2020,...

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Accounting

On December 31, 2019, Sandhill Corporation had 142,800 common shares outstanding. On April 30, 2020, the company issued an additional 47,000 common shares for cash. On July 31, 2020, the company repurchased and cancelled 19,000 common shares.

During the year ended December 31, 2020, Sandhill earned income before taxes of $40,000,000. Not included in this income was a loss from discontinued operations of $5,000,000 before tax. The company was subject to a 25% income tax rate.

Calculate earnings per share data as they should appear on the 2020 income statement of Sandhill Corporation.

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