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Information from the financial statements of Ames Fabricators, Incorporated included the following: \table[[,December 31],[Common...

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Accounting

Information from the financial statements of Ames Fabricators, Incorporated included the following:
\table[[,December 31],[Common shares,2024,2023],[Convertible preferred shares (convertible into 62,000 shares of common),100,000,100,000],[8% convertible bonds (convertible into 30,000 shares of common),22,800,22,800]]
Ames's net income for the year ended December 31,2024, is $680,000. 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).
\table[[,Numerator,,Denominator,=,Earnings per Share],[Basic,,,,=,],[Diluted,,,,=,]]
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