Exercise 11-21 (Algo) Analyzing earnings per share LO A1 Kelley 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 310,000 weighted-average shares of common stock. 1. What is the company's basic earnings per share (EPS)? 2. In the prior year, Kelley had a basic earnings per share (EPS) of $4.52. Did Kelly improve its earnings per share (EPS) in the current year? Complete this question by entering your answers in the tabs below. Required 1 Required 2 In the prior year, Kelley had a basic earnings per share (EPS) of $4.52. Did Kelly improve its earnings per share (EPS) in the current year? Did Kelly improve its EPS in the current year? < Required 1 Required 2 >