Exercise $13-20($Algo$)$ Computing earnings per share LO A$1$

Ecker Company reports $$1,550,000$ of net income and declares $$217,000$ of cash dividends on its preferred stock for the year. At yearend, the company had $340,000$ weighted$-$average shares of common stock.

What amount of net income is available to common stockholders?

$\backslash$table$[[$Net income,$],[$To preferred stockholders,$],[$Net income available to common stockholders,$