Return to question For the year ended December 31, 2018, Norstar Industries reported net income of $920,000. At January 1, 2018, the company had 780,000 common shares outstanding. The following changes in the number of shares occurred during 2018: 0.5 points Apr. 30 Sold 40,000 shares in a public offering. May 24 Declared and distributed a 5% stock dividend. Issued 36,000 shares as part of the consideration for the purchase June 1 of assets from a subsidiary. Required: Compute Norstar's earnings per share for the year ended December 31, 2018. (Enter your answers in thousands.) Answer is complete but not entirely correct. Numerator Denominator Earnings per Share 9207 853X= $ 1.08 IS