CCJS 342-During all of fiscal year 2017, Alpha Corporation had

During all of fiscal year 2017, Alpha Corporation had outstanding 100,000 shares of $10 par common stock and 5,000 shares of noncumulative, $100 par value, 7% preferred stock. For 2017, Alpha Corporation had $830,000 income from continuing operations and $575,000 loss on discontinued operations; dividends were paid only to preferred shareholders. Use this information to determine how much Alpha Corporation should report for 2017 basic earnings per share for net income (loss). If it is a loss EPS then present the dollar sign & value in brackets. (Round your answer to the nearest penny.)