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For the year ended December 31, 2024, Norstar Industries reported net income of $960,000. At January 1, 2024, the company had

1,050,000 common shares outstanding. The following changes in the number of shares occurred during 2024:

1.75

points

02:34:10

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April 30 Sold 80,000 shares in a public offering

May 24 Declared and distributed a 5% stock dividend

June 1 Issued 90,000 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.

Numerator

$

960,000

+

Denominator =

1,211,000 =

Earnings per Share

$

0.80