For the year ended December 31,2024 , Norstar Industries reported net income of $985,000. At January 1,2024 , the company had 1,150,000 common shares outstanding. The following changes in the number of shares occurred during 2024 : April 30 Sold 105,000 shares in a public offering May 24 Declared and distributed a 5% stock dividend June 1 Issued 120,000 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