At December $31,2022,$ Sheridan Corp. had $298000$ common shares outstanding. No common shares were issued during $2023$; however, on January $1,2023,$ Sheridan issued $157000$ non$-$cumulative, non$-$convertible preferred shares. During $2023,$ Sheridan paid cash dividends of $\backslash$$$105000$ to the common shareholders and $\backslash$$$67000$ to the preferred shareholders. Net income for calendar $2023$ was $\backslash (\backslash$$ $454400\backslash ).$ Basic earnings per share for $2023$ would be $\backslash$$$1\mathrm{.}74.\backslash$$$1\mathrm{.}30.\backslash$$$1\mathrm{.}52.\backslash$$$0\mathrm{.}22.$