Current Attempt in Progress Sheridan Inc, presented the following data: Net income Preferred shares: 50,800 shares outstanding, $100 par, 9% cumulative, not convertible Common shares: Shares outstanding, Jan 1, 2020 Issued for cash, May 1, 2020 Acquired treasury shares for cash, Sept. 1, 2020 (shares cancelled) 2-for-1 stock split Oct 1, 2020 $5,531,000 $5,080,000 654,000 99,000 153,000 As of January 1, 2020, there were no dividends in arrears. On December 31, 2020, Sheridan declared and paid the preferred dividend for 2020 Calculate earnings per share for the year ended December 31, 2020. (Round answer to 2 decimal places, eg. 52.75.) $ Earnings per share to be reported What would the effect be on your calculation in (a) if the stock split had been declared on January 30, 2021. instead of on October 1, 2020, assuming the financial statements of Sheridan Inc. for the year ended December 31, 2020, were issued after January 30, 2021? If the stock split had occurred on January 30, 2021, before the financial statements for the year ended December 31.2020 wer Assume that Sheridan did not declare or pay a preferred dividend in 2020, Calculate earnings per share for the year ended December 31, 2020. (Round answer to 2 decimal places. 63. 15.25 $ Earnings per share 1 Assume that as at January 1, 2020, Sheridan had two years of dividends in arrears, and that on December 31, 2020, Sheridan declared and paid the dividends in arrears and the preferred dividend for 2020. Calculate earnings per share for the year ended December 31, 2020. (Round answer to 2 decimal places, eg. 15.25.) Earnings per share $ Assume that the preferred shares are non-cumulative, and that the preferred dividend was paid in 2020. Calculate earnings per share for the year ended December 31, 2020. (Round answer to 2 decimal places, eg. 15.25.) Earnings per share $ Assume that the preferred shares are non-cumulative, and that Sheridan did not declare or pay a preferred dividend in 2020 Calculate earnings per share for the year ended December 31, 2020. (Round answer to 2 decimal places, eg: 15.25) Earnings per share $ Would a current shareholder favour Sheridan inc's declaration of a stock split? A current shareholder would Sheridan Inc's declaration of a stock split