X E13-35 (similar to) Question Help Falana Academy Surplus had 20,000 shares of common stock and 6,000 shares of 5%, 525 par value preferred stock outstanding through December 31, 2018 Income from continuing operations for 2018 was $325,500, and loss on discontinued operations (net of income tax saving) was $8.000 Compute Falana's earnings per share for 2018, starting with income from continuing operations. Round to the nearest cent (Enter all EPS amounts to the nearest chat $XXX 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 shate= (Net income . Preferred dividends) - Weighted average number of common shares outstanding Now, compute Falana's earnings per share for 2018, starting with income from continuing operations. Earnings per Share of Common Stock (20,000 shares outstanding): Income From Continuing Operations Loss From Discontinued Operations Net Income