Parsley Corporation had 250,000 shares of common stock and 5,000 shares of 8%,$100 par, preferred stock outstanding on December 31,2023 . The preferred stock is cumulative, nonconvertible preferred stock. On June 1, 2024, Parsley sold 36,000 shares of common stock for cash. No cash dividends were declared for 2024. Parsley reported a net loss of $320,000 for the year ended December 31, 2024. Required: Calculate Parsley's loss per share for the year ended December 31,2024. Note: Round your answer to 2 decimal places