At December 31, 2020 Sheffield Corp. had 313,000 shares of common stock and 9.100 shares of 6%, $100 par value cumulative preferred stock outstanding. Dividends were declared on the preferred or common stock in 2021 at the set dividend rate. On March 30, 2021, Sheffield declared a 100% stock dividend on its common stock. Net income for 2021 was $1,100,000. In its 2021 financial statements, Sheffield's 2021 earnings per common share should be $3.52 $3.32 $1.67 $1.75