Information from the financial statements of Ames Fabricators, Inc., included the following: December 31 2018 2017 100,000 100,000 Common shares Convertible preferred shares (convertible into 72,000 shares of common) 10% convertible bonds (convertible into 20,000 shares of common) 36,000 36,000 $1,000,000 $1,000,000 Ames's net income for the year ended December 31, 2018, is $900,000. 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.) Numerator Answer is not complete. Earnings per Denominator Share 100,000 S 7.20 $ 720,000 Basic EPS Diluted EPS 1 0