Sheridan Company had 594000 shares of common stock outstanding on January 1, issued 898000 shares on July 1 . and had income applicable to common stock of $2930000 for the year ending December 31,2021 . Earnings per share of common stock for 2021 would be $2.32. $4.93 $3.27. $2.81. Waterway Industries had 815000 shares of common stock outstanding on January 1, issued 126000 shares on May 1, purchased 63000 shares of treasury stock on September 1 , and issued 51000 shares on November 1 . The weighted average shares outstanding for the year is 928500. 886500. 907500. 865500. At December 31,2021 and 2020, Marigold Corp. had 185000 shares of common stock and 11600 shares of 6%,$100 par value cumulative preferred stock outstanding. No dividends were declared on either the preferred or common stock in 2021 or 2020 . Net income for 2021 was $441000. For 2021, earnings per common share amounted to (rounded to the nearest penny) $1.74. $2.37. $2.01. $1.61