14.2 Reporting and Analyzing Stockholders' Equity Last year, Valley Inc. had net income of $461,500, declared an $18,000 dividend on its preferred stock, and had 203,000 weighted- average common shares outstanding. For the same period, River Inc. had net income of $399,600, declared a $15,200 dividend on its preferred stock, and had 192,000 weighted-average common shares outstanding. Based on this information, Valley's EPS was higher than River's. $0.21 $0.23 $0.16 $0.18