Table 14-7 Corporate Income Statement
for the Year 2017, Foxmore

Table 14-7 Corporate Income Statement
For the year 2017, Foxmore Company reports the following items as part of its financial results:
$\begin{array}{|l|r|}\hline\text { Sales revenues from regular business operations } & \$ 3,000,000 \\\hline \text { Cost of goods sold } & 900,000 \\\hline \text { Operating expenses from regular business operations } & 600,000 \\\hline \text { Gain on disposal of several items of property, plant, and } &\\\text { equipment }&15,000\\\hline \text { Income tax rate } & 25 \% \\\hline \text { Loss on the termination of a discontinued business } & \\\text { segment } & 120,000 \\\hline \text { Losses on damage caused by earthquake } & 280,000\\\hline\end{array}$
-Refer to Table 14-7. Assuming the Weighted average number of common shares outstanding is 500,000 and there are no preferred shares,what is Foxmore's EPS for continuing operations?

A) $1.88
B) $1.85
C) $2.70
D) $2.47