Information from the financial statements of Ames Fabricators, Inc., included the following: Ames's net income for the year ended December 31,2018 , is $560,000. The income tax rate is 40%. Ames paid dividends of $5 per share on its preferred stock during 2018. Required: Compute basic and diluted earnings per share for the year ended December 31, 2018. (Enter your answers in thousands.)