Ans:
A). Amount of net income available to shareholders= Reported net income- preferred dividends
= $1,575,000- 220,500
= $ 1,354,500
B). Company basic EPS= Net income available to shareholders / weighted - average shares of common stock
=$1,354,500/300,000
= $ 4.515 per share
Note: according to HOMEWORKLIB RULES both questions are independent to each other , therefore first question have been answered.
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