Use the Following Information to Answer Questions 12 and 13

Use the following information to answer questions 12 and 13
Harry Ltd determined its profit attributable to ordinary shareholders for the reporting period ended 30 June 2014 as $960 000. The average market price of the entity's shares during the period is $4.00 per share. The weighted average number of ordinary shares on issue during the period is 1 000 000. The weighted average number of shares under share options arrangements during the year is 200 000 and the exercise price of shares under option is $3.50.
-The basic earnings per share at 30 June 2014 is:

A) $0.80
B) $0.96
C) $3.50
D) $4.00