Net income of $1,350,000 was reported on the income statement of Andy Boy Ltd. for the year

Question:

Net income of $1,350,000 was reported on the income statement of Andy Boy Ltd. for the year ended July 31, 2015. The number of common shares outstanding as at August 1, 2014, was 350,000, and the number of $1.50 cumulative preferred shares was 60,000. On February 1, 2015, Andy Boy declared a 3:1 share split on the common shares. During fiscal 2015, Andy Boy discontinued a division of the company, resulting in a loss of $230,000 after taxes. Determine the earnings per share for

(a) Income from continuing operations,

(b) Discontinued operations,