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Information from the financial statements of Ames Fabricators, Inc., included the following: December 31 2021 2020 100,000 100,000 Common shares Convertible preferred shares (convertible into 70.000 shares of common) 3 convertible bonds (convertible Into 30,000 shares of common) 27.600 27,600 $1,000,000 $1,000,000 Ames's net income for the year ended December 31, 2021, is $760,000. 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 1 Denominator Earnings per Share Basic Diluted 1 1 Information from the financial statements of Ames Fabricators, Inc., included the following: December 31 2021 2020 100,000 TOO,000 Common share Convertible preferred share convertible into 70.000 14 convertible bonds convertible into 30,000 shares of shares of common) 27,600 27,600 Common) $1.000.000 $1,000,000 Ames's net income for the year ended December 31, 2021. Is $760,000. 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 onded December 31, 2021 (Enter your answers in thousands (For example,100,000 should be entered as 100). Do not round Intermediate calculations.) Numerator 1 Denominator Earnings per Share Basic Dautod