Howard Corporation reported the following information about its stock on its December 31, 2019, balance sheet Preferred stock. $100 par value, 8% cumulative. 5.000 shares $300,000 authorized 3,000 shares issued and outstanding Common stock. Sipar value, 250.000 shares authorized, 200,000 $200,000 shares issued and outstanding The following amounts were taken from Howard's income statement. Income from continuing operations before income $720,000 taxes Income tax expense (180,000) Income from continuing operations 540,000 Loss from discontinued operations, net of $15,000 (45,000) tax benefit Net income $495.000 There were no stock transactions during 2019 and no dividends were declared during 2019, Required: Prepare the 2019 income statement disclosure of basic earnings per shore