Faccone Academy Surplus had 60,000 shares of common stock and 9,000 shares of 20%, $15 par value

Question:

Faccone Academy Surplus had 60,000 shares of and 9,000 shares of 20%, $15 preferred stock outstanding through December 31, 2018. Income from continuing operations for 2018 was $711,000, and loss on discontinued operations (net of income tax saving) was $36,000.
Compute Faccone's earnings per share for 2018, starting with income from continuing operations. Round to the nearest cent.
Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on... Par Value
Par value is the face value of a bond. Par value is important for a bond or fixed-income instrument because it determines its maturity value as well as the dollar value of coupon payments. The market price of a bond may be above or below par,...