Kelley Company reports $1,550,000 of net income and declares $217,000 of cash dividends on its preferred stock for the year. At yearend, the company had 390,000 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 \$3.22. Did Kelly improve its earnings per share (EPS) in the current year? Complete this question by entering your answers in the tabs below. What is the company's basic earnings per share (EPS)? Kelley Company reports $1,550,000 of net income and deciares $217,000 of cash dividends on its preferred stock for the yeac At yearend, the company had 390,000 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 sthare (EPS) of \$3.22. Did Kelly improve its eamings per share (EPS) in the current year? Complete this question by entering your answers in the tabs below. In the prior year, Kelley had a basic earnings per ahare (EPS) of 43.22. Did Kelly improve its earnings per share (EPS) in the current year