Fadel Academy Surplus had 45,000 shares o common stock and 6,000 shares of 1% $10 par value pretemed stock outstanding through December 20 ncome om continuing operations for 2016 was $567,600, and loss on discontinued operations (net of income tax saving) was $36,000. Fadel also had an extraordinary gain (net of tax) of $166,500 Compute Fadel'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 Fadel's earnings per share for 2016, starting with income from continuing operations Earnings per Share of Common Stock (45,000 shares outstanding) Income From Continuing Operations Loss From Discontinued Operations Income Before Extraordinary Items Extraordinary ltem Net Income