Determining Weighted-Average Common Shares and Computing Basic EPS Seco Corporation was incorporated on January 2. The following information pertains to Seco's common Jan. 2 Number of shares authorized 320,000 Jan. 2 Number of shares issued 240,000 July 1 Number of shares reacquired but not canceled 20,000 Dec. 1 Two-for-one stock split Dec. 31 Net income for the year for Seco is $1,854,400 At December 31, what is Seco's basic earnings per share? Note: Enter the earnings per share amount in dollars and cents, rounded to the nearest penny. Net Income Available to Common Stockholders 1,854,400 Basic EPS $ Weighted Avg. Common Shares Outstanding Per Share 130,000 x $ 3.73 x