Faigen Academy Surplus had $35,000$ shares of common stock and $8,000$ shares of $5\%,$$$15$ par value preferred stock outstanding through December

$31,2024.$ Income from continuing operations for $2024$ was $$513,500,$ and loss on discontinued operations $($net of income tax saving$)$ was $$10,500.$

Compute Faigen'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 $=$