Question - Kelley Company reports $1,950,000 of net income for 2015 and declares $273,000 of cash dividends on its preferred stock for 2015. At the end of 2015, the company had 320,000 weighted-average shares of common stock.
1. What amount of net income is available to common stockholders for 2015?
2. What is the company's basic EPS for 2015?