For the year ended December 31, 2024, Norstar Industries reported net income of $965,000. At January 1, 2024, the company had 1,070,000 common shares outstanding. The following changes in the number of shares occurred during 2024: April 30 Sold 85,000 shares in a public offering May 24 Declared and distributed a 5% stock dividend June 1 Issued 96,000 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, 2024