Information from the financial statements of Ames Fabricators, Inc., included the following: 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.)