For the year ended December 31, 2021, Norstar Industries reported net income of $655,000. At January 1, 2021, the company had 900,000 common shares outstanding. The following changes in the number of shares occurred during 2021:

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 Norstar’s earnings per share for the year ended December 31, 2021.