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Norstar industries reported net income

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For the year ended December 31, 2013, Norstar Industries reported net income of $655,000. At January 1, 2013, the company had 900,000 common shares outstanding. The following changes in the number of shares occurred during 2013:
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, 2013.

Reference no: EM13879849

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