Porter Corporation owns all 30,000 shares of the common stock of Street, Inc. Porter has...
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Porter Corporation owns all shares of the common stock of Street, Inc. Porter has shares of its own common stock outstanding. During the current year, Porter earns net income without any consideration of its investment in Street of $ while Street reports $ Annual amortization of $ is recognized each year on the consolidation worksheet based on acquisitiondate fairvalue allocations. Both companies have convertible bonds outstanding. During the current year, bondrelated interest expense net of taxes is $ for Porter and $ for Street. Porter's bonds can be converted into shares of common stock; Street's bonds can be converted into shares. Porter owns none of these bonds.
What are the earnings per share amounts that Porter should report in its current year consolidated income statement? Round your answers to decimal places.
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