show your work please

Faller Academy Surplus had 20,000 shares of common stock and 11,000 shares of 15%,$5 par value preferred stock outstanding through December 31, 2024. Income from continuing operations for 2024 was $318,250, and loss on discontinued operations (net of income tax saving) was $6,000. Compute Faller'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 Faller's earnings per share for 2024, starting with income from continuing operations