Current Attempt in Progress Sheridan Company had 208000 shares of common stock, 19300 shares of convertible preferred stock, and $1430000 of 4% convertible bonds outstanding during 2021. The preferred stock is convertible into 39600 shares of common stock. During 2021 , Sheridan paid dividends of $0.80 per share on the common stock and $2 per share on the preferred stock. Each $1,000 bond is convertible into 30 shares of common stock. The net income for 2021 was $593000 and the income tax rate was 40%. Diluted earnings per share for 2021 is (rounded to the nearest penny) $2.05. $2.39. $2.01. $2.16