Ecker Company reports $1,700,000 of net income and declares $238,000 of cash dividends on its preferred stock for the year. At year- end, the company had 340,000 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 company's basic EPS? Basic Earnings per Share Choose Denominator: Choose Numerator: Basic Earnings per Share | = | Basic earnings per share Exercise 11-4 Recording stock issuances LO P1 Prepare journal entries to record each of the following four separate issuances of stock. 1. A corporation issued 2,000 shares of $10 par value common stock for $24,000 cash. 2. A corporation issued 1,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $27,500. The stock has a $3 per share stated value. 3. A corporation issued 1,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $27,500. The stock has no stated value. 4. A corporation issued 500 shares of $50 par value preferred stock for $52,500 cash. Journal entry worksheet Record the issue of 2,000 shares of $10 par value common stock for $24,000 cash. Note: Enter debits before credits. Transaction General Journal Debit Credit Journal entry worksheet