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

Ames's net income for the year ended December $31,2024,$ is $$800,000.$ The income tax rate is $25\%.$ Ames paid dividends of $$5$ per

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 $10).$