Pubco is a public company that uses a calendar year and has a complex capital structure. Pubco reported in the first quarter income from continuing operations (net of tax) of $1 million and a loss on discontinued operations (net of tax) of $1.2 millom The average market price of Pubco's common stock for the first quarter was $25, the shares outstanding at the beginning of the period equaled 300,000, and 12,000 shares were issued on March 1. At the beginning of the quarter, Pubco also had outstanding 120,000 shares of preferred stock paying a dividend of S.10 per share at the end of each quarter and convertible to common stock on a one-to-one basis. Holders of 60,000 shares of preferred stock exercised their conversion privilege on February 1. The BEPS amount for Pubco's net income or loss available to common shareholders for the first quarter is A. $2.89 B. $(3.49) C. $(0.58) D. $(0.60)