At January 1, Year 7, Fortune Cookie Inc. (FCI) had 300,000 common shares outstanding. On March 1, Year 7, the corporation issued 45,000 new shares to raise additional capital. On May 1, Year 7, the corporation purchased 180,000 of its own shares at $35 each from the open market and cancelled them. On November 1st, Year 7, the corporation declared and issued a 20% stock dividends. On February 1, Year 8, the corporation engaged a 2 for 1 stock split. February 28, Year 8, the companys financial statements for the year ended December 31, Year 7 were issued. FCIs net income for Year 7 was $2,000,000. Net income attributable to the shareholders of FCI was $1,876,000 and the rest was net income attributable to non-controlling interest.

Calculate basic EPS for Year 7 as it should be reported to shareholders.