At December 31, 2022, Sheridan Corp. had 379000 common shares outstanding. No additional common shares were issued during 2023. On January 1, 2023, Sheridan issued 428000 non-cumulative, non-convertible preferred shares. During 2023, Sheridan paid cash dividends of $211000 to the common shares and $167000 to the preferred shares. Net income for calendar 2023, was $538420. Their income tax rate is 40%. Basic earnings per share for 2023 is O $1.86. O $1.42. O $0.98. O $0.44. Current Attempt in Progress On December 31, 2023, Carla Vista Corp. is in financial difficulty and cannot pay a $920000 note with $92000 accrued interest payable to Cameron Ltd., which is now due. Cameron agrees to accept from Carla Vista equipment that has a fair value of $445000, an original cost of $740000, and accumulated depreciation of $355000. Cameron also forgives the accrued interest, extends the maturity date to December 31, 2025, reduces the face amount of the note to $385000, and reduces the market interest rate to 6%, with interest payable at the end of each year. Carla Vista should record interest expense for 2024 of $69300. O $46200. $0. O $23100.