As part of its executive compensation plan, Vertovec inc granted 48,000 of its no-par common shares to executives, subject to forfeiture if employment is terminated within three years. Vertovec's common shares have a market price of $10 per share on January 1 2020, the grant date of the restricted stock award, as well as on December 31, 2021 320,000 shares were outstanding at January 1. 2021 Net income for 2021 was $320,000 Required: Compute Vertovec's basic and chuted earnings per share for the year ended December 31, 2021 (Enter your answers in thousands.) Answer is complete but not entirely correct. Basic Diluted Numerator 320 S 320 Denominator 320 368 % Earnings per Share 1.00 0.87