For the year ended December 31, 2021, Norstar Industries reported net income of $655,000. At January 1, 2021, the company had 900,000 common shares outstanding. The following changes in the number of shares occurred during 2021: Apr. 30       Sold 60,000 shares in a public offeringMay 24       Declared and distributed a 5% stock dividendJune 1         Issued 72,000 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.

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Consolidation

Consolidation in general examination implies an asset oscillating between well-defined methods of trading status. Consolidation is commonly known as market indecisiveness, which completes when the asset's values move forward or backward the trading structure.