The Alford Group had 180,000 shares of common stock outstanding at January 1, 2021. The following activities affected common shares during the year. There are no potential common shares outstanding. 2021 Feb. 28 Purchased 12,000 shares of treasury stock. Oct. 31 sold the treasury shares purchased on February 28. Nov. 30 Issued 48,000 new shares. Dec. 31 Net income for 2021 is $1,672,000. 2022 Jan. 15 Declared and issued a 2-for-1 stock split. Dec. 31 Net income for 2022 is $1,672,000. Required: 1. Determine the 2021 EPS. (Do not round intermediate calculations.) 2. Determine the 2022 EPS. 3. At what amount will the 2021 EPS be presented in the 2022 comparative financial statements? (For all requirements, Enter your answers in thousands.) Numerator Denominator Earnings per Share 1. $ 1,672,000 194,000 = $ 8.62 2. $ 1,672,000 1 456,000 = $ 3.67 3. $ 1,672,000 X 388,000 X = 4.31 Red text indicates no response was expected in a cell or a formula-based calculation is incorrect: no points deducted. 3 1 For the year ended December 31, 2021, Norstar Industries reported net income of $925,000. At January 1, 2021, the company had 800,000 common shares outstanding. The following changes in the number of shares occurred during 2021: 2.35 awarded Apr. 30 Sold 45,000 shares in a public offering. May 24 Declared and distributed a 5% stock dividend. June 1 Issued 42,000 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, 2021. (Enter your answers in thousands. Round "EPS" answer to 2 decimal places. Do not round intermediate calculations.) pred Numerator Denominator Earnings per Share 1.03 $ 925,000 X 896,750 X