was per Sidi u yeu encu December 31, 2010, Information from the financial statements of Ames Fabricators, Inc., included the following: December 31 E 19-21 EPS, convertible preferred stock convertible bonds; order of entry L019-7, LO19-9 2018 100,000 2017 100,000 Common shares Convertible preferred shares (convertible into 32,000 shares of common) 10% convertible bonds (convertible into 30,000 shares of common) 12,000 12,000 $1,000,000 $1,000,000 Ames's net income for the year ended December 31, 2018.is S500,000. The income tax rate is 40%. Ames paid dividends of $5 per share on its preferred stock during 2018. Required: Compute basic and diluted earnings per share for the year ended December 31, 2018