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Falana Academy Surplus had 5 0 , 0 0 0 shares of common stock and 8 , 0 0 0 shares of 2 0 %

Falana Academy Surplus had 50,000 shares of common stock and 8,000 shares of 20%,$25 par value preferred stock outstanding through December 31,2024. Income from continuing operations for 2024 was $810,000, and loss on discontinued operations (net of income tax saving) was $40,000.
Compute Falana'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.XX. Use parentheses or a minus sign for amounts reducing the income from continuing operations.)
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