Exercise 11-21 Cash dividends, treasury stock, and statement of retained earnings LO C3, P2, P3 Alexander Corporation reports the following components of stockholders' equity at December 31, 2018. Common stock-$25 par value, 50,000 shares authorized, 33,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings $ 825,000 66,000 350,000 $1,241,000 Total stockholders' equity During the year, the following transactions affected its stockholders' equity accounts. 2 Purchased 3,300 shares of its own stock at $25 cash per share. 7 Directors declared a $1.50 per share cash dividend payable on February 28 to the February 9 stockholders of record 28 Paid the dividend declared on January 7. 9 Sold 1,320 of its treasury shares at $30 cash per share. 27 Sold 1, 650 of its treasury shares at 20 cash per share. 9 Directors declared a $2 per share cash dividend payable on October 22 to the September 23 stockholders of record 22 Paid the dividend declared on September 9. 31 Closed the $55,000 credit balance (from net income) in the Income Summary account to Retained Earnings. Jan Jan. Feb July Aug Sept Oct. Dec. Ecker Company reports $1,325,000 of net income and declares $185,500 of cash dividends on its preferred stock for the year. At year- end, the company had 320,000 weighted-average shares of common stock. available to common stockholders? 1. What amount of net income Net income To preferred stockholders Net income available to common stockholders 2. What is the company's basic EPS? Basic Earnings per Share Choose Numerator: / Choose Denominator: Basic Earnings per Share Basic earnings per share /