Faccone Academy Surplus had 15,000 shares of common stock and 4,000 shares of 5%, $25 par value preferred stock outstanding through December 31, 2016. Income from continuing operations for 2016 was $194,000, and loss on discontinued operations (net of income tax saving) was $12,000. Faccone also had an extraordinary gain (net of tax) of $52,500. Compute Faccone's earnings per share for 2016, starting with income from continuing operations. (Enter all EPS amounts to the nearest cent, $X.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 Faccone's earnings per share for 2016, starting with income from continuing operations. Earnings per Share of Common Stock (15,000 shares outstanding): Income From Continuing Operations Loss From Discontinued Operations Income Before Extraordinary Items Extraordinary Item Net Income