For the year ended December 31, 2018 Norstar Industries reported net income of $990,000. At January 1, 2018, the company had 1,170,000 common shares outstanding. The following changes in the number of shares occurred during 2018: Apr. 30 Sold 110,000 shares in a public offering. May 24 Declared and distributed 5% stock dividend. June 1 Issued 126,800 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, 2018. (Enter your answers in thousands.) Denominator - Earnings per Share Numerator $ 990,000