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Fadel Academy Surplus had 20,000 shares of common stock and 2,000 shares of 20%,$20 par value preferred stock outstanding through December 31,2024 . Income from continuing operations for 2024 was $326,000, and loss on discontinued operations (net of income tax saving) was $24,000. Compute Fadel'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, 5X. 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