Exercise 11-21 (Static) Analyzing earnings per share LO A1 Kelley Company reports $960,000 of net income and declares $120,000 of cash dividends on its preferred stock for the year. At year- end, the company had 400,000 weighted-average shares of common stock. 1. What is the company's basic EPS? 2. In the prior year, Kelley had a basic EPS of $1.90. Did Kelly improve its EPS in the current year? Complete this question by entering your answers in the tabs below. Required 1 Required 2 What is the company's basic EPS? Choose Numerator. Basic earnings per share Choose Denominator: C. Required 1 Required 2 > Basic earnings per share = Basic earnings per share