The stockholders' equity section of Waterway Corporation appears below as of December 31, 2017.

8% preferred stock, $50par value, authorized101,982shares, outstanding91,982shares $4,599,100

Common stock, $1.00 par, authorized and issued10,877,100shares 10,877,100

Additional paid-in capital 20,926,400

Retained earnings $134,881,000

Net income 38,280,000 173,161,000

$209,563,600

Net income for 2017 reflects a total effective tax rate of34%. Included in the net income figure is a loss of $12,978,500(before tax) as a result of a non-recurring major casualty. Preferred stock dividends of $367,928were declared and paid in 2017. Dividends of $1,008,400were declared and paid to common stockholders in 2017.

What are the earnings per share net income/loss that should appear on the income statement of Waterway Corporation?