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Faigen Academy Surplus had 50,000 shares of common stock and 5,000 shares of 5%, $5 par value preferred stock outstanding through December 31, 2024. Income from continuing operations for 2024 was $796,250, and loss on discontinued operations (net of income tax saving) was $40,000. Compute Faigen'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, $X.XX. 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 Now, compute Faigen's earnings per share for 2024, starting with income from continuing operations. Earnings per Share of Common Stock (50,000 shares outstanding): Income From Continuing Operations 796250 Loss From Discontinued Operations 40000 756250 Net Income