For the year ended December 31, 2024, Norstar Industries reported net income of $655,000. At January 1, 2024, the company had 900,000 common shares outstanding. The following changes in the number of shares occurred during 2024: Apr. 30 Sold 60,000 shares in a public offering May 24 Declared and distributed a 5% stock dividend June 1 Issued 72,000 shares as part of the consideration for the purchase of assets from a subsidiary Required: Compute Norstars earnings per share for the year ended December 31, 2024.