Sheridan Company had 202000 shares of common stock, 19900 shares of convertible preferred stock, and $1496000 of 5% convertible bonds outstanding during 2021. The preferred stock is convertible into 40300 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 $608000 and the income tax rate was 30. Basic earnings per share for 2021 is (rounded to the nearest penny) $2.81$2.43$2.21$2.51