For the year ended December 31, 2021, Norstar Industries reported net income of $940,000. At January 1, 2021, the company had 860,000 common shares outstanding. The following changes in the number of shares occurred during 2021:

Apr.30Sold 60,000 shares in a public offering.May24Declared and distributed a 5% stock dividend.June1Issued 60,000 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

Numerator. / Dominator. = Earnings per shares

/. =