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Sheridan Corporation has outstanding at December 31,2022,47,000 shares of $18 par value, cumulative, 6% preferred stock and 202,500 shares of $6 par value common stock.

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Sheridan Corporation has outstanding at December 31,2022,47,000 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 2022, 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 20%. (a1) Calculate Sheridan's 2022 net income. Net Income Caculate Sheridan's 2022 preferred dividends. Preferred dividends eTextbook and Media (a3) Compute Sheridan's 2022 earnings per share. (Round answer to 2 decimal places, eg. 2.25.)

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