Sheridan Co. had 207000 shares of common stock, 19500 shares of convertible preferred stock, and $1502000 of 4% convertible bonds outstanding during 2025. The preferred stock is convertible into 39700 shares of common stock. During 2025, Sheridan paid dividends of $0.90 per share on the common stock and $3 per share on the preferred stock. Each $1000 bond is convertible into 30 shares of cornmon stock. Sheridar's net income for 2025 was $606000 and its income tax rate was 30%. Basic earnings per share for 2025 is $216. 52.38 . 52.64 . $246