Hazard Guard Insurance Company had 100,000 shares of $4, $100 par value preferred stock issued and outstanding during 2006. In addition, the company had 500,000 shares of common stock issued, of which 100,000 shares were held as Treasury stock. Hazard had $1,500,000 of income before taxes and extraordinary items. Hazard experienced earthquake damage to a regional sales office resulting in a before-tax extraordinary loss of $200,000. The income tax rate was 40%. Determine the earnings per share disclosure for Hazard Guard.