For the year ended December 31, 2024, Norstar Industries reported net income of $970,000. At January 1, 2024, the company had 1,090,000 common shares outstanding. The following changes in the number of shares occurred during 2024:

April 30	Sold 90,000 shares in a public offering
May 24	Declared and distributed a 5% stock dividend
June 1	Issued 102,000 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.

Note: Do not round intermediate calculations. Except for per share amounts, enter your answers in thousands (i.e., 10,000 should be entered as 10). Round "Earnings per share" answer to 2 decimal places.

numerator/denominator= Earnings per share