For the year ended December 31, 2021, Norstar Industries reported net income of $905,000. At January 1, 2021, the company had 720,000 common shares outstanding. The following changes in the number of shares occurred during 2021:

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 basic EPS