Grace Corp. suffered a net loss in 2020 of $250,000. The company has 230,000 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 11,500 shares for the treasury on August 31, 2020, and 4,600 shares of stock were issued on November 1, 2020, in exchange for legal services. The company had 2,300 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.