Information from the financial statements of Ames Fabricators, Incorporated included the following: Ames's net income for the year ended December 31, 2024, is $860,000. The income tax rate is 25%. Ames paid aividends of $5 pe: share on its preferred stock during 2024. Required: Compute basic and diluted earnings per share for the year ended December 31, 2024. Note: Do not round intermediate calculations. Enter your answers in thousands (i.e.,10,000 should be entered as 10)