Grace Corp. suffered a net loss in 2020 of $190,000. The company has 80,000 common shares outstanding as of January 1, 2020, and declared a 1-for-2 reverse stock split on March 31. In addition, the company bought 4,000 shares for the treasury on August 31, 2020, and 1,600 shares of stock were issued on November 1, 2020, in exchange for legal services. The company had 800 shares of 5%, $10 par, cumulative, nonconvertible preferred stock for the year 2020. No common or preferred stock dividends were declared in 2020.

Required

Compute the required EPS amount.

• Note: Round weighted average common shares outstanding to the nearest whole number.
• Note: Round earnings per share amount to two decimal places.

This is all under Basic EPS.

a. Net Income Available to Common Stockholders

b. Weighted Average Common Shares Oustanding

c. Per Share