Sheridan Inc. presented the following data:

Net income		$5,534,000
Preferred shares: 51,600 shares outstanding, $100 par, 9% cumulative, not convertible		$5,160,000
Common shares: Shares outstanding, Jan. 1, 2017		658,000
Issued for cash, May 1, 2017		104,000
Acquired treasury shares for cash, Sept. 1, 2017 (shares cancelled)		163,000
2for1 stock split, Oct. 1, 2017

As of January 1, 2017, there were no dividends in arrears. On December 31, 2017, Sheridan declared and paid the preferred dividend for 2017

A) Calculate earnings per share for the year ended December 31, 2017.

B) What would the effect be on your calculation in (a) if the stock split had been declared on January 30, 2018, instead of on October 1, 2017, assuming the financial statements of Sheridan Inc. for the year ending December 31, 2017, were issued after January 30, 2018

C) Assume that Sheridan did not declare or pay a preferred dividend in 2017. Calculate earnings per share for the year ended December 31, 2017.

D) Assume that as of January 1, 2017, Sheridan had two years of dividends in arrears, and that on December 31, 2017, Sheridan declared and paid the dividends in arrears and the preferred dividend for 2017. Calculate earnings per share for the year ended December 31, 2017

E) Assume that the preferred shares are non-cumulative, and that the preferred dividend was paid in 2017. Calculate earnings per share for the year ended December 31, 2017.

F) Assume that the preferred shares are non-cumulative, and that Sheridan did not declare or pay a preferred dividend in 2017. Calculate earnings per share for the year ended December 31, 2017.

G) Would a current shareholder favour Sheridan Inc.s declaration of a stock split?