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Exercise 19-14 (Static) EPS; stock dividend; nonconvertible preferred stock [LO19-5, 19-6, 19-7] Hardaway Fixtures' balance sheet at December 31, 2023, included the following: On July 21,2024 , Hardaway issued a 25% stock dividend on its common stock. On December 12 , it paid $50,000 cash dividends on the preferred stock. Net income for the year ended December 31, 2024, was $2,000,000. Required: Compute Hardaway's earnings per share for the year ended December 31, 2024. Note: Do not round intermediate calculations. Enter your answers in thousands (i.e., 10,000 should be entered as 10). 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 2024 : 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 (i.e., 10,000 should be entered as 10). Round "Earnings per share" answer to 2 decimal places. Exercise 19-14 (Static) EPS; stock dividend; nonconvertible preferred stock [LO19-5, 19-6, 19-7] Hardaway Fixtures' balance sheet at December 31, 2023, included the following: On July 21,2024 , Hardaway issued a 25% stock dividend on its common stock. On December 12 , it paid $50,000 cash dividends on the preferred stock. Net income for the year ended December 31, 2024, was $2,000,000. Required: Compute Hardaway's earnings per share for the year ended December 31, 2024. Note: Do not round intermediate calculations. Enter your answers in thousands (i.e., 10,000 should be entered as 10). 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 2024 : 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 (i.e., 10,000 should be entered as 10). Round "Earnings per share" answer to 2 decimal places
