Mini-Exercise 9-3 (Static) Calculate basic EPS LO 6 Net income was $659,250 for the year. Throughout the year the company had outstanding 18,000 shares of $2.50, $50 par value preferred stock and 105,000 shares of common stock. Required: Calculate basic earnings per share of common stock for the year. (Round "Earnings per share-basic" to 2 decimal places.) Net income available for common stockholders Number of common share outstanding Earnings per share-basic