QS 11-23 (Algo) Basic earnings per share LO A1 Epic Company earned net income of $1,042,000 this year. There were 480,000 weighted-average common shares outstanding, and preferred shareholders received a $34,000 cash dividend. Compute Epic Company's basic earnings per share. QS 11-22 (Algo) Basic earnings per share LO A1 Murray Company reports net income of $900,000 for the year. it has no preferred stock, and its weighted-average common shares outstanding is 300,000 shares. Compute its basic eamings per share