Question: 38PM Award: 10.00 points Assignment Pont View Exercise 19-12 (Static) EPS; shares issued; stock dividend [LO19-5, 19-6] For the year ended December 31, 2024,
38PM Award: 10.00 points Assignment Pont View Exercise 19-12 (Static) EPS; shares issued; stock dividend [LO19-5, 19-6] For the year ended December 31, 2024, Norstar Industries reported net income of $655,000 At January 1, 2024, the company had 900,000 common shares outstanding. The following changes in the number of shares occurred during 202 April 30 Sold 60,000 shares in a public offering May 24 Declared and distributed a 5% stock dividend June 1 Issued 72,000 shares as part of the consideration for the purchase of assets from a subsidiary Required: Compute Norstar's earnings per share for the year ended December 31, 2024 Note: Do not round intermediate calculations. Except for per share amounts, enter your answers in thousands (ie, 10,000 should be entered as 10). Round "Earnings per share" answer to 2 decimal places.
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