3 7 points Check my work Exercise 19-21 (Algo) EPS; convertible preferred stock; convertible bonds; order of entry [LO19-7, 19-9] Information from the financial statements of Ames Fabricators, Incorporated included the following: 03 04:32:33 December 31 Common shares eBook Convertible preferred shares (convertible into 64,000 shares of common) 8 convertible bonds (convertible into 30,000 shares of common) 2024 100,000 24,000 2023 100,000 24,000 $ 1,000,000 Hint References $ 1,000,000 Ames's net income for the year ended December 31, 2024, is $700,000. The income tax rate is 25%. Ames paid dividends of $5 per share on its preferred stock during 2024. Required: Compute basic and diluted earnings per share for the year ended December 31, 2024. Note: Do not round intermediate calculations. Enter your answers in thousands (i.e., 10,000 should be entered as 10). Numerator: Basic Diluted Denominator Earnings per share