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0/15 1 points awarded Scored Exercise 19-12 (Algo) EPS; shares issued; stock dividend [LO19-5, 19-6] For the year ended December 31, 2021, Norstar Industries
0/15 1 points awarded Scored Exercise 19-12 (Algo) EPS; shares issued; stock dividend [LO19-5, 19-6] For the year ended December 31, 2021, Norstar Industries reported net income of $900,000. At January 1, 2021, the company had 700,000 common shares outstanding. The following changes in the number of shares occurred during 2021: Apr. 30 Sold 20,000 shares in a public offering. May 24 Declared and distributed a 5% stock dividend. June 1 Issued 12,000 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.) Numerator $ 900,000 Denominator 94,500 = || Earnings per Share $ 9.52 x
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