Faccio Academy Surplus had $55,000$ shares of common stock and $3,000$ shares of $20\%,$$$30$ par value preferred stock outstanding through December $31,2024.$ Income from continuing operations for $2024$ was $$843,000,$ and loss on discontinued operations $($net of income tax saving$)$ was $$16,500.$

Compute Faccio's earnings per share for $2024,$ starting with income from continuing operations. Round to the nearest cent. $($Enter all EPS amounts to the nearest cent, $$.$ XX$.$ Use parentheses or a minus sign for amounts reducing the income from continuing operations.$)$

Begin by selecting the formula to compute the earnings per share.

Earnings per share $=($Net income $-$ Preferred dividends$)$ Weighted average number of common shares outstanding $$

Now, compute Faccio's earnings per share for $2024,$ starting with income from continuing operations.

Earnings per Share of Common Stock $(55,000$ shafes outstanding$)$: $$

Net Income