Dartmouth Subs Ltd. (DSL) was incorporated on January 1, 2018. Its capital structure includes 5,000 ordinary shares; 2,000, $100, 3% cumulative preferred shares; and 6,000 options on ordinary shares with a strike price of $15. DSL’s net income (loss) for the year ended December 31, 2018, was ($10,000), consisting of a profit from continuing operations of $50,000 and a loss from discontinued operations of ($60,000). Dividends were neither declared nor paid in 2018. The average market price of its shares during the year was $18. 

Required:

Compute basic earnings per share and diluted earnings per share from each of continuing operations, discontinued operations, and operations.