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Maxie Corp. reports 2017 net income of $500,000 with no below-the-line items. They declare and pay the $50,000 annual preferred dividends required and pay $50,000 in dividends to common stockholders. Maxie had 225,000 shares of common stock outstanding on 1/1/17 and purchased (acquired) 50,000 shares of treasury stock on 7/1/17. Determine basic EPS for 2017