Ecker Company reports $2,700,000 of net income for 2016 and declares $388,020 of cash dividends on its

Question:

Ecker Company reports $2,700,000 of net income for 2016 and declares $388,020 of cash dividends on its preferred stock for 2016. At the end of 2016, the company had 678,000 weighted-average shares of common stock.
1. What amount of net income is available to common stockholders for 2016?
2. What is the company's basic EPS for 2016?