The net income reported on the income statement of Rocky Corporation for the year ended May 31, 2015, was $6,530,000. The number of common shares outstanding at June 1, 2014, was 200,000, and the number of $3.50 cumulative preferred shares was 80,000. On September 1, 2014, Rocky issued 40,000 common shares. During fiscal 2015, Rocky discontinued one segment of its business, resulting in an after-tax loss of $110,000. Determine earnings per share for (a) income from continuing operations, (b) discon- tinued operations, and (c) net income.