Exercise 11-20(Algo) Computing earnings per share LO A1 Ecker Company reports $1,650,000 of...

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Accounting

Exercise 11-20(Algo) Computing earnings per share LO A1
Ecker Company reports $1,650,000 of net income and declares $231,000 of cash dividends on its preferred stock for the year. At year-
end, the company had 300,000 weighted-average shares of common stock.
What amount of net income is available to common stockholders?
What is the company's basic earnings per share (EPS)?
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