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Information from the financial statements of Ames Fabricators, Inc., included the following: December 31 2018 2017 Common shares 100,000 100,000 Convertible preferred shares (convertible into

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

December 31
2018 2017
Common shares 100,000 100,000
Convertible preferred shares (convertible into 46,000 shares of common) 20,400 20,400
10% convertible bonds (convertible into 20,000 shares of common) $ 1,000,000 $ 1,000,000

Amess net income for the year ended December 31, 2018, is $640,000. 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 / Denominator = Earnings per Share
Basic EPS / =
Diluted EPS / =

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