Sheridan Corporation has outstanding at December 31, 2020, 47,000 shares of $18 par value, cumulative, 6% preferred stock and 202,500 shares of $6 par value common stock. All shares were outstanding the entire year. During 2020, Sheridan earned total revenues of $2,010,000 and incurred total expenses (except income taxes) of $1,170,000. Sheridan's income tax rate is 32%. Calculate Sheridan's 2020 net income. Net Income Caculate Sheridan's 2020 preferred dividends. (Round answer to 0 decimal places, e.g. 5,275.) Preferred dividends Compute Sheridan's 2020 earnings per share. (Round answer to 2 decimal places, e.g. 2.25.) Earnings per share $ Click if you would like to Show Work for this question: Open Show Work