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

For the year ended December 31,2021, Norstar Industries reported net income

For the year ended December 31,2021, Norstar Industries reported net income of $935,000. At January 1,2021, the company had 840,000 common shares outstanding. The following changes in the number of shares occurred during 2021:
Apr. 30 Sold 55,000 shares in a public offering.
May 24 Declared and distributed a 5% stock dividend.
June 1 Issued 54,000 shares as part of the consideration for the purchase of assets from a subsidiary.
Required:
Compute Norstar's earnings per share for the year ended December 31,2021.(Enter your answers in thousands. Round "EPS" answer to 2 decimal places. Do not round intermediate calculations.)
\table[[Numerator,I,Denominator,= Earnings per Share,,],[$,935,1,,,=1
of $935,000. At January 1,2021, the company had 840,000 common shares outstanding.

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