Exerclse 13-20 (Algo) ComputIng earnings per share LO A1 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? 2 What is the company's basic earnings per share (EPS)