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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.

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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 72,800 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.) Answer is complete but not entirely correct. Earnings per Numerator Denominator Share 655.000 X 1.029.000 X - 0.64 $ S

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