Exercise $11-20($Algo$)$ Computing earnings per share LO A$1$

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$)?$