In 2018, ABC Co. reported the following: income from continuing operations is $ 3,000,000, loss on disposal of discontinued operations is $1,700,000 (Net of tax), and net income is $1,300,000. It declared and paid preference dividends of $500,000 and ordinary share dividends of $100,000. During 2018, ABC Co. had a weighted average of 250,000 ordinary shares outstanding. ABC Co. reported the following earnings per share.