Question: For the year ended December 3 1 , 2 0 2 4 , Norstar Industries reported net income of $ 9 5 5 , 0

For the year ended December 31,2024, Norstar Industries reported net income of $955,000. At January 1,2024, the company had
1,030,000 common shares outstanding. The following changes in the number of shares occurred during 2024 :
April 30 Sold 75,000 shares in a public offering
May 24 Declared and distributed a 5% stock dividend
June 1 Issued 84,000 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 (i.e.,10,000 should
be entered as 10). Round "Earnings per share" answer to 2 decimal places.
Answer is complete but not entirely correct.
For the year ended December 31,2024, Norstar Industries reported net income

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