4 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 eBook Print 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