Information from the financial statements of Ames Fabricators, Inc., included the following: December 31 2021 2020 Common shares 100,000 100,000 Convertible preferred shares (convertible into 50,000 shares of common) 19,200 19,200 8% convertible bonds (convertible into 30,000 shares of common) $ 1,000,000 $ 1,000,000 Amess net income for the year ended December 31, 2021, is $620,000. 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. Do not round intermediate calculations.)

Numerator / Denominator = Earnings Per Share

Basic ________ / ____________ = ___________

Diluted _________ / ___________ = ____________