Leadbetter Inc. reports the following for 20Y3:

Income from continuing operations before income tax ..... $766,250

Extraordinary property loss from hurricane .......... $60,000*

Gain from discontinued operations ............ $180,000*

Applicable tax rate ................... 40%

*Net of any tax effect.

a. Prepare a partial income statement for Leadbetter Inc. beginning with income from continuing operations before income tax.

b. Assuming 75,000 shares, calculate the earnings per common share for Leadbetter Inc. including per-share amounts for unusual items.