Sheridan Corporation reported net income of $780,330 in 2020 and had 121,000 common shares outstanding throughout the year. Also outstanding all year were 9,800 of cumulative preferred shares, with each being convertible into 2 common shares. The preferred shares pay an annual dividend of $6 per share. Sheridan's tax rate is 40%. Calculate Sheridan's 2020 diluted earnings per share. (Round answer to 2 decimal places, e.g. 15.25.) Diluted earnings per share +A