Brady, Inc., reports the following for 2010:

Income from continuing operations before income tax        $500,000

Extraordinary property loss from hurricane                              $60,000*

Loss from discontinued operations                                             $90,000*

Weighted average number of shares outstanding                      40,000

Applicable tax rate                                                                               40%

 *Net of any tax effect.

(a) Prepare a partial income statement for Brady, Inc., beginning with income from continuing operations before income tax.

(b) Calculate the earnings per common share for Brady, Inc., including per-share amounts for unusual items.