Exercise 19-21 (Algo) EPS; convertible preferred stock; convertible bonds; order of entry [LO19-7, 19-9] Information from the financlal statements of Ames Fabricators, Incorporated included the following: Ames's net income for the year ended December 31,2024 , is $780,000. 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)