Sheridan Corporation had 2020 net income of $1,598,000. During 2020, Sheridan has not declared or paid any dividend on 89,000 cumulative preferred shares. Sheridan also had 280,000 common shares outstanding during the year. The preferred shares pay an annual dividend of $6 per share. Calculate Sheridan's 2020 earnings per share. (Round answer to 2 decimal places, e.g. 15.25.) Earnings per share $