7.

For the year ended December 31, 2021, Norstar Industries reported net income of $935,000. At January 1, 2021, the company had 840,000 common shares outstanding. The following changes in the number of shares occurred during 2021:

Apr.		30		Sold 55,000 shares in a public offering.
May		24		Declared and distributed a 5% stock dividend.
June		1		Issued 54,000 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.)