For the year ended December $31,2020,$ Parmesan Company earned $$5,000,000$ net income. Outstanding preferred

shares included $1,000,000$ in $3\%$ cumulative preferred shares issued on January $1,2018$ and $52,000,000$ in $5\%$ non$-$

cumulative preferred shares issued on January $1,2020.$ Dividends were not declared in $2019.$

On December $31,2020,$ Parmesan declared $$20,000$ in dividends.

What is the numerator for basic EPS on December $31,2020?$

$$4,870,000$

$$4,840,000$

$$4,970,000$

$$4,940,000$

$$5,000,000$