Business, 31.03.2020 00:54 nat5841

At December 31, 2017 Sheridan Company had 294000 shares of common stock and 9500 shares of 6%, $100 par value cumulative preferred stock outstanding. No dividends were declared on either the preferred or common stock in 2017 or 2018. On January 30, 2019, prior to the issuance of its financial statements for the year ended December 31, 2018, Sheridan declared a 100% stock dividend on its common stock. Net income for 2018 was $1148000. In its 2018 financial statements, Sheridan's 2018 earnings per common share should be (rounded to the nearest penny)

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At December 31, 2017 Sheridan Company had 294000 shares of common stock and 9500 shares of 6%, $100...

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