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 $10).$Information from the financial statements of Ames Fabricators, Incorporated included the following:

December $31$

$20242023$

Common shares $100,000100,000$

Convertible preferred shares $($convertible into $78,000$ shares of common$)30,00030,000$

$8\%$ convertible bonds $($convertible into $30,000$ shares of common$)$ $ $1,000,000$ $ $1,000,000$

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 $31,2024.$