Can someone share the how you would calculate Basic Earnings per share with the following information?

Net Income of 10,000,000

Preferred Stock - (20,000 shares authorized, 10,000 issued, 5%, $100 par value)---$1,000,000

Common Stock - (1,000,000 shares authorized, 750,000 issued, $2 par)----$1,500,000

can this be broken down step by step so I can understand