First part is incorrect

11-12 Earnings per share LO Exercise A1 Ecker Company reports $1,375,000 of net income for 2017 and declares $192,500 of cash dividends on its preferred stock for 2017. At the end of 2017, the company had 320,000 weighted-average shares of common stock. 1. What amount of net income is available to common stockholders for 2017? Net income To preferred stockholders Net income available to common stockholdersS $ 1,182,500 4.29 1,182,496 2. What is the company's basic EPS for 2017? Basic Earnings per Share Choose Numerator: Choose Denominator: Basic Earnings per Share Basic earnings per share