For the year ended December 31,2024 , Norstar Industres reported net income of $980,000. At January 1,2024 , the company had 1,130,000 common shares outstanding. The following changes in the number of shares occurred during 2024: April 30 Sold 100,000 shares in a public offering May 24 Declared and distributed a 5% stock dividend June 1 Issued 114,000 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. Show computations. For the year ended December 31,2024 , Norstar Industres reported net income of $980,000. At January 1,2024 , the company had 1,130,000 common shares outstanding. The following changes in the number of shares occurred during 2024: April 30 Sold 100,000 shares in a public offering May 24 Declared and distributed a 5% stock dividend June 1 Issued 114,000 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. Show computations