Sheridan Company had 307000 shares of common stock issued and outstanding at December 31, 2020. No common stock was issued during 2021. On January 1, 2021, Sheridan issued 206000 shares of nonconvertible preferred stock. During 2021, Sheridan declared and paid $101000 cash dividends on the common stock and $83000 on the preferred stock. Net income for the year ended December 31, 2021 was $612000. What should be Sheridan's 2021 earnings per common share? O $1.39 O $1.99 O $1.66 O $1.72