Kelley Company reports $1,375,000 of net income and declares $192,500 of cash dividends on its preferred stock for the year. At year- end, the company had 360,000 weighted average shares of common stock. 1. What is the company's basic earnings per share (EPS)? 2. In the prior year, Kelley had a basic earnings per share (EPS) of $3.08. Did Kelly improve its earnings per share (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 earnings per share (EPS)? Basic earnings per share Choose Denominator: Choose Numerator: 1 Basic earnings per share Basic earnings per share Required 1 Required 2 In the prior year, Kelley had a basic earnings per share (EPS) of $3.08. Did Kelly improve its earnings per share (EPS) in the current year? Did Kelly improve its EPS in the current year