Sheridan Corporation was formed five years ago through an initial public offering $($IPO$)$ of common shares. Daniel Brown, who owns $15\%$ of the common shares, was one of the organizers of Sheridan and is its current president. The company has been successful, but it is currently experiencing a shortage of funds. On June $10,2023,$ Daniel Brown approached the Hibernia Bank, asking for a $24-$month extension on two $$35,900$ notes, which are due on June $30,2023,$ and September $30,2023.$ Another note for $$5,800$ is due on March $31,2024,$ but he expects no difficulty in paying this note on its due date. Brown explained that Sheridan$$s cash flow problems are due primarily to the company$$s desire to finance a $$289,000$ plant expansion spent evenly over the next two fiscal years through internally generated funds. The plant expansion will be used in operations following the completion of the construction in $2026.$ The commercial loan officer of Hibernia Bank requested financial reports for the past two fiscal years. These reports are reproduced below.

Note $1$: Cash dividends were paid at the rate of $$1$ per share in fiscal year $2022$ and $$2$ per share in fiscal year $2023.$

Note $2$: Depreciation charges on the plant and equipment of $$96,000$ and $$98,400$ for fiscal years ended March $31,2022,$ and March

$31,2023,$ respectively, are included in cost of goods sold.

Additional information:

Calculate the following items for Sheridan:

Calculate the Earnings Per Share for $2022$ and $2023$ using the information provided in the financial and income statements.