Calculate Earnings per Share from the following information provided:

There have been no additional issues or repurchases of common stock, so the number of shares reported is the weighted average shares outstanding for the year.

The net income from continuing operation is 929,456 and the net loss from discontinued operations is 110,160.

Common stock ($1 par)	300,000
Preferred stock, 8% ($10 par)	50,000
Common stock dividends	75,000
Preferred stock dividends	5,000