Ecker Company reports $$1,550,000$ of net income and declares $$217,000$ of cash dividends on its preferred stock for the year. At yearend, the company had $350,000$ weighted$-$average shares of common stock.

What amount of net income is available to common stockholders?

$\backslash$table$[[$Net income,$],[$To preferred stockholders,$],[$Net income available to common stockholders,$]]$

What is the company's basic earnings per share $($EPS$)?$

$\backslash$table$[[$Basic Earnings per Share$],[$Choose Numerator:,$1,$Choose Denominator:,,Basic Earnings per Share$],[>,1,,=,$Basic earnings per share$],[5,1,,=,]]$