The following information was taken from the books and records of Sheridan, Inc.: Compute diluted earnings per share.

The following information was taken from the books and records of Sheridan, Inc.: 1. Net Income $449,400 2. Capital structure: a. Convertible 6% bonds. Each of the 300, $1,000 bonds is convertible into 50 shares of common stock at the present date and for the next 10 years. 300,000 b. $10 par common stock, 210,000 shares issued and outstanding during the entire year. 2,100,000 C. Stock warrants outstanding to buy 17,120 shares of common stock at $20 per share. 3. Other information: a. Bonds converted during the year None b. Income tax rate 30% C. Convertible debt was outstanding the entire year d. Average market price per share of common stock during the year $32 e. Warrants were outstanding the entire year f. Warrants exercised during the year None Compute diluted earnings per share. (Round answers to 2 decimal places, e.g. 52.75.) Security EPS Common Stock 1.43 Warrants ta 2.08 Conversion Bonds 1.45 The following information was taken from the books and records of Sheridan, Inc.: 1. Net Income $449,400 2. Capital structure: a. Convertible 6% bonds. Each of the 300, $1,000 bonds is convertible into 50 shares of common stock at the present date and for the next 10 years. 300,000 b. $10 par common stock, 210,000 shares issued and outstanding during the entire year. 2,100,000 C. Stock warrants outstanding to buy 17,120 shares of common stock at $20 per share. 3. Other information: a. Bonds converted during the year None b. Income tax rate 30% C. Convertible debt was outstanding the entire year d. Average market price per share of common stock during the year $32 e. Warrants were outstanding the entire year f. Warrants exercised during the year None Compute diluted earnings per share. (Round answers to 2 decimal places, e.g. 52.75.) Security EPS Common Stock 1.43 Warrants ta 2.08 Conversion Bonds 1.45