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Exercise 19-12(Algo) EPS; shares issued; stock dividend [LO19-5,19-6] For the year...

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Accounting

Exercise 19-12(Algo) EPS; shares issued; stock dividend [LO19-5,19-6]
For the year ended December 31,2024, Norstar Industries reported net income of $905,000. At January 1,2024, the company had 720,000 common shares outstanding. The following changes in the number of shares occurred during 2024:
April 30 Sold 25,000 shares in a public offering
May 24 Declared and distributed a 5% stock dividend
June 1 Issued 18,000 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 31,2024.
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 places.
\table[[Numerator,+,Denominator,=,Earnings per Share],[$905,000,,,=,Y
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