Ecker Company reports $1,525,000 of net income and declares $213,500 of cash dividends on its preferred stock for the year. At year-end, the company had 370,000 weighted-average shares of common stock. 1. What amount of net income is available to common stockholders? NET INCOME

TO PREFERRED STOCKHOLDERS

NET INCOME AVAILABLE TO COMMON STOCKHOLDERS

2. What is the companys basic EPS?