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, Inc., included the following: 3:23 Common shares Convertible preferred shares (convertible into 88,000 shares of common) 8 convertible bonds (convertible into 30,000 shares of common) 2021 100,000 December 31 2020 100,000 33,600 33,600 $1,000,000 $1,000,000 Ames's net income for the year ended December 31, 2021, is $860,000. 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 ces Basic Diluted Denominator = Earnings per Share 0 Ch