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At December 31, 2021 and 2020,Sheridan Companyhad171000shares of common stock and12000shares of7%, $100 par value cumulative preferred stock outstanding. No dividends were declared on either

At December 31, 2021 and 2020,Sheridan Companyhad171000shares of common stock and12000shares of7%, $100 par value cumulative preferred stock outstanding. No dividends were declared on either the preferred or common stock in 2021 or 2020. Net income for 2021 was $442000. For 2021, earnings per common share amounted to (rounded to the nearest penny)

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