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Kelley Company reports $1,675,000 of net income for 2017 and declares $234,500 of cash dividends on its preferred stock for 2017. At the end of

Kelley Company reports $1,675,000 of net income for 2017 and declares $234,500 of cash dividends on its preferred stock for 2017. At the end of 2017, the company had 310,000 weighted-average shares of common stock. 1. What amount of net income is available to common stockholders for 2017?

2. What is the companys basic EPS for 2017?

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