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Please fill out the table included. For the year ended December 31,2024 , Norstar Industries reported net income of $980,000. At January 1,2024 , the
Please fill out the table included.
For the year ended December 31,2024 , Norstar Industries reported net income of $980,000. At January 1,2024 , the company had 1,130,000 common shares outstanding. The following changes in the number of shares occurred during 2024: April 30 Sold 100,000 shares in a public offering May 24 Declared and distributed a 5% stock dividend June 1 Issued 114,000 shares as part of the consideration for the purchase of assets from 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 placesStep by Step Solution
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