As of January 1, 2019, Nike, Inc. had 400,000 common shares outstanding and 250,000 preferred shares outstanding. All preferred shares can be exchanged (converted) for 250,000 common shares and the conversion rate is adjusted for stock splits and stock dividends. On July 1, 2019, Nike declared a 2:1 common stock split (also applies to preferred conversion rate). This was the only transaction carried out in 2019 that affected the outstanding common shares.

No exchange of preferred shares occurred.

In 2019, Nike declared cash dividends of $300,000 to common stockholders and $200,000 to preferred stockholders.

The company reported net income of $1,700,000. The company closes books on December 31 of each year.

Determine the EPS-Diluted to be reported in the 2019 statement of income and expenses.