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For the year ended December 31, 2018, Norstar Industries reported net income of $955,000. At January 1, 2018, the company had 1,030,000 common shares outstanding.

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For the year ended December 31, 2018, Norstar Industries reported net income of $955,000. At January 1, 2018, the company had 1,030,000 common shares outstanding. The following changes in the number of shares occurred during 2018: Apr. 30 Sold 75,000 shares in a publie offering. May 24 Declared and distributed a 5% stock dividend June 1 Issued 84,000 shares as part of the consideration tor the purchase of assets from a subsidiary. Required Compute Norstar's earnings per share for the year ended December 31, 2018. (Enter your answers in thousands.) 3Answer is complete but not entirely correct. Numerator Denominator ings per 955,000 ,183,000s0.81

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