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On December $31,2023,$ Ainsworth, Incorporated had $600$ million shares of common stock outstanding.

Twenty million shares of $8\%,$$$100$ par value cumulative, nonconvertible preferred stock were sold on January $2,2024.$

On April $30,2024,$ Ainsworth purchased $30$ million shares of its common stock as treasury stock.

Twelve million treasury shares were sold on August $31.$

Ainsworth issued a $5\%$ common stock dividend on June $12,2024.$

No cash dividends were declared in $2024.$

For the year ended December $31,2024,$ Ainsworth reported a net loss of $$140$ million, including an after$-$tax loss from

discontinued operations of $$400$ million.

Required:

Compute Ainsworth's net loss per share for the year ended December $31,2024.$

Compute the per share amount of income or loss from continuing operations for the year ended December $31,2024.$

Prepare an EPS presentation that would be appropriate to appear on Ainsworth's $2024$ and $2023$ comparative income

statements. Assume EPS was reported in $2023$ as $$0\mathrm{.}75,$ based on net income $($no discontinued operations$)$ of $$450$ million and

a weighted$-$average number of common shares of $600$ million.

Answer is complete but not entirely correct.

Complete this question by entering your answers in the tabs below.

Req $1$ and $2$

Compute Ainsworth's net loss per share for the year ended December $31,2024.$

Compute the per share amount of income or loss from continuing operations for the year ended December $31,2024.$

Note: Do not round intermediate calculations. Enter your answers in millions $($i$.$e$.,10,000,000$ should be entered as $10).$

Negative amounts should be indicated by a minus sign.

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