QUESTION 1 Gidget Inc.'s capital structure included 400,000 common shares outstanding and $1,000,000 of 3.5% cumulative preferred shares outstanding all of which were issued in 20X1. $300,000 of dividends were declared and paid on December 31, 20X5. Previously, dividends were last declared and paid on December 31, 20x2. Gidget reported comprehensive income of $1,957,000 ($2,000,000 net income - $43,000 loss in other comprehensive income = $1,957,000 comprehensive income) for 20X5. What is the income available to common shareholders that ZGS will use to calculate basic earnings per share (EPS) for 20X57 O a. $1,965,000 b. $1,922,000 $1,895,000 Od. $1,852,000