Fahr Academy Surplus had 100,000 shares of common stock and 11,000 shares of 1%, $25 par value preferred stock outstanding through December 31, 2018. Income from continuing operations for 2018 was $1,492,750, and loss on discontinued operations (net of income tax saving) was $30,000. Compute Fahr's earnings per share for 2018, starting with income from continuing operations. Round to the nearest cent. (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 Fahr's earnings per share for 2018, starting with income from continuing operations. Earnings per Share of Common Stock (100,000 shares outstanding) Net Income