For the year ended December 31, 2018, Norstar Industries reported net income of $900,000. At...
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For the year ended December 31, 2018, Norstar Industries reported net income of $900,000. At January 1,2018, the company had 700,000 common shares outstanding. The following changes in the number of shares occurred during 2018 Apr. 30 Sold 20,000 shares in a public offering. May 24 Declared and distributed a 5% stock dividend. June 1 Issued 12,000 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, 2018. (Enter your answers in thousands.) Numerator DenominatorEarnings per Sh
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