For the year ended December 31, 2018, Norstar Industries reported net income of $905,000. At January 1, 2018, the company had 720,000 common shares outstanding. The following changes in the number of shares occurred during 2018:

Apr.		30		Sold 25,000 shares in a public offering.
May		24		Declared and distributed a 5% stock dividend.
June		1		Issued 18,000 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, 2018