At December 31, 2017, Sheridan Company had 1150000 shares of common stock outstanding. In addition, Sheridan had 449000 shares of preferred stock which were convertible into 755000 shares of common stock. During 2018, Sheridan paid $1120000 cash dividends on the common stock and $802000 cash dividends on the preferred stock. Net income for 2018 was $6880000 and the income tax rate was 35%. The diluted earnings per share for 2018 is (rounded to the nearest penny) $2.62. $5.31. $5.97. O$3.61