Question

For the year ended December 31, 2021, Norstar Industries reported net income of $965,000. At January...

For the year ended December 31, 2021, Norstar Industries reported net income of $965,000. At January 1, 2021, the company had 1,070,000 common shares outstanding. The following changes in the number of shares occurred during 2021:

Apr. 30 Sold 85,000 shares in a public offering.
May 24 Declared and distributed a 5% stock dividend.
June 1 Issued 96,000 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.)

Numerator = ?

Denominator = ?

Earnings per share = ?

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