For the year ended on 12/31/2019, ABC Products has a net income of $4,847,000. The company declared and paid $169,000 of dividends on preferred stock. The company also had the following common share information. What is the company's Basic EPS of 2019?

Common shares outstanding on 1/1/2019	1,000,00
Common shares issuance on 7/1/2019	640,000
Common shares repurchase on 10/1/2019	(602,000)
Common shares outstanding on 12/31/2019	1,038,000