QS $13-22($Algo$)$ Basic earnings per share LO A$1$

Murray Company reports net income of $$992,000$ for the year. It has no preferred stock, and its welghted$-$average common share outstanding is $320,000$ shares.

Compute its basic earnings per share.

$\backslash$table$[[$Basic Earnings Per Share$],[$Choose Numerator:,$1,$Choose Denominator:,$=,$Basic EPS,,$],[,1,,=,$Basic EPS,,$],[,1,1,=,,$per share,$]]$