Murray Company reports net income of $810,000 for the year. It has no preferred stock, and its weighted-average common shares outstanding is 360,000 shares. Compute its basic earnings per share. For each transaction, determine the Impact-Increase, decrease, or no effect-on total assets, total llabilttles, and total equity. Stockholders' equity of Ernst Company consists of 93,000 shares of $5 par value, 9% cumulative preferred stock and 345,000 shares of $1 par value common stock. Both classes of stock have been outstanding since the company's inception. Ernst did not declare any dividends in the prior year, but it now declares and pays a $135,000 cash dividend at the current year-end. Determine the amount distributed to each class of stockholders for this two-year-old company