On January 1, 2012, KAR had 60,000 common shares issued and outstanding.On July 1, KAR sold 1,000 shares.KAR The net income for the year was $80,000.Calculate the basic earnings per share.

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The Answer of On January 1, 2012, KAR had 60,000 common shares issued and outstanding.On July 1, KAR sold 1,000 shares.KAR The net income for the year was $80,000.Calculate the basic earnings per share.

On January 1, 2012, KAR Had 60,000 Common Shares Issued