9-1: Practice Exercises A Saved 4 Information from the financial statements of Ames Fabricators, Inc., included the following: 2 points December 31 2021 2020 Common shares 100,000 100,000 Convertible preferred shares (convertible into 66,000 shares of common) 25,200 25,200 8% convertible bonds (convertible into 30,000 shares of common) $1,000,000 $1,000,000 eBook Ames's net income for the year ended December 31, 2021, is $720,000. The income tax rate is 25%. Ames paid dividends of $5 per share on its preferred stock during 2021. 001 Hint 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.) Print Numerator 1 Denominator Earnings per Share 1 = References Basic Diluted 1 =