Fahr Academy Surplus had 50.000 shares of common stock and 7,000 shares of 20%, $25 par value preferred stock outstanding through December lon Pe 31, 2016. Income from continuing operations for 2016 was $640,000, and loss on discontinued operations (net of income tax saving) was $20,000 Fahr also had an extraordinary gain (net of tax) of $180,000 Qui Compute Fahr's earnings per share for 2016, starting with income from continuing operations (Enter all EPS amounts to the nearest cent, sx xx. Use parentheses or a minus sign for amounts reducing the income from continuing operations.) bok/stat -(similar Begin by selecting the formula to compute the earnings per share. Earings per share = (Net income - Preferred dividends)/Weighted average number of common shares outstanding Now, compute Fahr's earnings per share for 2016, starting with income from continuing operations Earnings per Share of Common Stock (50,000 shares outstanding) Income From Continuing Operations ACCT 1090 V Net Income