William Corp. had 600,000 ordinary shares outstanding on January 1, issued 900,000 shares on July 1, and had income applicable to common stock of $1,050,000 for the year ending December 31, 2012. Earnings per share of ordinary shares for 2012 would be ________.
1) $1.17
2) $1.75
3) $1.00
4) $0.83