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14 Information from the financial statements of Ames Fabricators, Inc., included the following: December 31 2021 100,000 100,000 0.66 points 2020 Common shares Convertible preferred
14 Information from the financial statements of Ames Fabricators, Inc., included the following: December 31 2021 100,000 100,000 0.66 points 2020 Common shares Convertible preferred shares (convertible into 82,000 shares of common) 8% convertible bonds (convertible into 30,000 shares of common) 32,400 32,400 eBook $1,000,000 $1,000,000 Hint References Ames's net income for the year ended December 31, 2021, is $840,000. The income tax rate is 25%. Ames paid dividends of $5 per share on its preferred stock during 2021. Required: Compute basic and diluted earnings per share for the year ended December 31, 2021. (Enter your answers in thousands (For example, 100,000 should be entered as 100). Do not round intermediate calculations.) Numerator Denominator = Earnings per Share 1 = 0 Basic Diluted / 0
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