For the year ended December $31,2024,$ Norstar Industries reported net income of $$900,000.$ At January $1,2024,$ the company had $700,000$ common shares outstanding. The following changes in the number of shares occurred during $2024$:

April $30$ 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