Sheridan Company had 193000 shares of common stock, 19500 shares of convertible preferred stock, and $1503000 of 6% convertible bonds outstanding during 2021. The preferred stock is convertible into 40800 shares of common stock During 2021. Sheridan paid dividends of $0.80 per share on the common stock and $4 per share on the preferred stock. Each $1.00 bond is convertible into 30 shares of common stock. The net income for 2021 was $600000 and the income tax rate was 30% Basic earnings per share for 2021 is rounded to the nearest penny $249. $2.27 $2.70