for the year ended december 31, 2020, pony company earned $6,500,000 net income. outstanding preferred shares included 1,000,000 in 3% cumulative preferred shares issued on january 1, 2017 and $2,000,000 in 5% non-cumulative preferred shares issued on january 1, 2020. dividends were not declared in 2019 or 2018. on december 31, 2020, pony company declared $20,000 in preferred dividends.

what is the numerator for basic eps calculations?