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Ecker Company reports $ 1 , 5 7 5 , 0 0 0 of net income and declares $ 2 2 0 , 5 0

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Ecker Company reports $1,575,000 of net income and declares $220,500 of cash dividends on its preferred stock for the year. At year-end, the company had 280,000 weighted-average shares of common stock.
What amount of net income is available to common stockholders?
\table[[Net income],[To preferred stockholders],[Net income available to common stockholders]]
What is the company's basic earnings per share (EPS)?
\table[[Basic Earnings per Share,,],[Choose Numerator:,Choose Denominator:,Basic Earnings per Share,,],[,I,,,Basic earnings per share],[,I,,=,]]
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