Sheridan Company had 191000 shares of common stock, 20400 shares of convertible preferred stock, and \$1440000 of 4% convertible bonds outstanding during 2021. The preferred stock is convertible into 39500 shares of common stock. During 2021 , Sheridan paid dividends of $0.90 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 $603000 and the income tax rate was 409 . Diluted earnings per share for 2021 is (rounded to the nearest penny) $2.21. $2.33. $2.62. $2.17