Business, 15.04.2020 23:04 dmc79765

For the year ended December 31, 2021, Norstar Industries reported net income of $655,000.

At January 1, 2021, the company had 900,000 common shares outstanding.

The following changes in the number of shares occurred during 2021:

Apr. 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, 2021. (Enter your answers in thousands. Do not round intermediate calculations. Round "EPS" answer to 2 decimal places.)

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For the year ended December 31, 2021, Norstar Industries reported net income of $655,000.

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