Information from the financlal statements of Ames Fabricators, Incorporated Included the followIng: Ames's net Income for the year ended December 31,2024 , is $500,000. 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 Intermedlate calculations. Enter your answers in thousands (I.e., 10,000 should be entered as 10 )