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Sheridan Company has 3000000 shares of common stock outstanding on December 31, 2020. An additional 145000 shares of common stock were issued on July 1,
Sheridan Company has 3000000 shares of common stock outstanding on December 31, 2020. An additional 145000 shares of common stock were issued on July 1, 2021, and 295000 more on October 1, 2021. On April 1, 2021, Sheridan issued 5900, $1,000 face value, 8% convertible bonds. Each bond is convertible into 40 shares of common stock. No bonds were converted into common stock in 2021. What is the number of shares to be used in computing basic earnings per share and diluted earnings per share, respectively, for the year ended December 31, 2021? O 3146250 and 3122250 3146250 and 3323250 3146250 and 3146250 O 3443250 and 3623250
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