Epsilon Co. has one class of common stock outstanding and no other securities that are
potentially convertible into common stock. During 2012, 100,000 shares of common stock were
outstanding. In 2012, two distributions of additional common shares occurred: On April 1, 20,000
shares of treasury stock were sold, and on July 1, a 2-for-1 stock split was issued. Net income
was $410,000 in 2012 and $350,000 in 2011. What amounts should Epsilon report as basic
earnings per share in its 2012 and 2011 comparative income statements?
	Calculate Basic Earnings Per Share	2012	2011
	Numerator	?	?
	Denominator	?	?
	Basic Earnings Per Share	?	?