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For the year ended December 31, 2021, Norstar Industries reported net income of $900,000. At...

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Accounting

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For the year ended December 31, 2021, Norstar Industries reported net income of $900,000. At January 1, 2021, the company had 700,000 common shares outstanding. The following changes in the number of shares occurred during 2021: Apr. 30 Sold 20,000 shares in a public offering. 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, 2021. (Enter your answers in thousands. Round "EPS" answer to 2 decimal places. Do not round intermediate calculations.) Answer is complete but not entirely correct. Numerator Denominator Earnings per Share 900,000 11 756,000 1.19

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