Information from the financial statements of Ames Fabricators, Inc., included the following: December 31 Common shares 2021 100,000 2020 Convertible preferred shares (convertible into 62,000 shares of common) 22,800 100,000 22,800 8% convertible bonds (convertible into 30,000 shares of common) $1,000,000 $1,000,000 Ames's net income for the year ended December 31, 2021, is $680,000. 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 Basic Diluted Denominator = Earnings per Share