For the year ended December 31, 2021, Norstar Industries reported net income of $985,000. At January 1, 2021, the company had 1,150,000 common shares outstanding. The following changes in the number of shares occurred during 2021:

Apr. 30 Sold 105,000 shares in a public offering. 

May 24 Declared and distributed a 5% stock dividend.

June 1 Issued 120,000 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.)

 r

Numerator 1 Denominator 1 11 = Earnings per Share