For the year ended December 31, 2021, Rudolph Industries reported net income of $823,000. At January 1, 2021, the company had 700,000 common shares outstanding. The following changes in the number of shares occurred during 2021: June 30 Sold 80,000 shares in a public offering. Issued 72,000 shares as part of the consideration for the purchase of assets from a Oct 1 subsidiary. Required: Compute Rudolph's earnings per share for the year ended December 31, 2021. $0.97 $0.93 $1.09 $1.19