Guess Company reports $648,500 of net income for 2011 and declares $102,500 of cash dividends on its preferred stock for 2011. At the end of 2011, the company had 260,000 weighted-average shares of common stock.

1.	What amount of net income is available to common stockholders for 2011? (Omit the "$" sign in your response.)

Net income available to common stockholders

$

2.	What is the companys basic EPS for 2011? (Round your answer to 2 decimal places. Omit the "$" sign in your response.)

Basic earnings per share

$