For the year ended December 31,2018 , Norstar Industries reported net income of $975,000. At January 1,2018 , the company had 1,110,000 common shares outstanding. The following changes in the number of shares occurred during 2018 : Apr. 30 Sold 95,000 shares in a public offering. May 24 Declared and distributed a 5 q stock dividend. June 1 Issued 108,000 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 31,2018 . (Enter your answers in thousands.)