On January 2, 2021,Sheridan Companyissued at par $9500of5% bonds convertible in total into1000shares ofSheridan's common stock. No bonds were converted during 2021. Throughout 2021,Sheridanhad1000shares of common stock outstanding.Sheridan's 2021 net income was $4400, and its income tax rate is35%. No potentially dilutive securities other than the convertible bonds were outstanding during 2021.Sheridan's diluted earnings per share for 2021 would be (rounded to the nearest penny)

$2.20.

$2.35.

$2.50.

$4.71.