Page 1 of Multiple Choice Question 109 Multiple Choice Question 109 Sheridan Company had 208000 shares of common stock, 19300 shares of convertible preferred stock, and $1430000 of 4% convertible bonds outstanding during 2018. The preferred stock is convertible into 39600 shares of common stock. During 2015, 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 2018 was $593000 and the income tax rate was 40%. Diluted earnings per share for 2018 is (rounded to the nearest penny) o $2.16. O $2.01. O $2.05. O $2.39