5 On December 31, 2023, Ainsworth, Incorporated had 760 million shares of common stock outstanding. 15 points eBook References Twenty nine million shares of 6%, $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 $185 million, including an after-tax loss from discontinued operations of $490 million. Required: 1. Compute Ainsworth's net loss per share for the year ended December 31, 2024. 2. Compute the per share amount of income or loss from continuing operations for the year ended December 31, 2024. 3. 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 $0.75, based on net income (no discontinued operations) of $570 million and a weighted-average number of common shares of 760 million. Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 1. Compute Ainsworth's net loss per share for the year ended December 31, 2024. 2. 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. 2.1 Numerator Denominator Net Loss Per Share + 0 Income or (Loss) from Numerator Denominator Continuing Operations + = Per Share Req 1 and 2 Req 3 > Show less 5 On December 31, 2023, Ainsworth, Incorporated had 760 million shares of common stock outstanding. 15 points eBook References Twenty nine million shares of 6%, $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 $185 million, including an after-tax loss from discontinued operations of $490 million. Required: 1. Compute Ainsworth's net loss per share for the year ended December 31, 2024. 2. Compute the per share amount of income or loss from continuing operations for the year ended December 31, 2024. 3. 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 $0.75, based on net income (no discontinued operations) of $570 million and a weighted-average number of common shares of 760 million. Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 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 $0.75, based on net income (no discontinued operations) of $570 million and a weighted-average number of common shares of 760 million. Note: Round your answers to 2 decimal places. Loss amounts should be indicated with a minus sign. AINSWORTH, INCORPORATED 2024 and 2023 Comparative Income Statement Show less Earnings (Loss) Per Common Share: Income from continuing operations Loss from discontinued operations Net income (loss) 2024 2023 $0.00 $0.00 Req 1 and 2 Req 3 Comparative Statements of Retained Earnings for Renn-Dever Corporation were reported as follows for the fiscal years ending December 31, 2022, 2023, and 2024. RENN-DEVER CORPORATION Statements of Retained Earnings 2023 For the Years Ended December 31 2024 2022 $ $ $ Balance at beginning of year 6,970,692 Net income (loss) 3,315,700 5,584,452 5,694,552 2,310,900 (110,100) Deductions: Stock dividend (35,400 shares) 249,000 Common shares retired, September 30 (140,000 219,660 shares) Common stock cash dividends 896,950 705,000 0 $ $ $ Balance at end of year 9,140,442 6,970,692 5,584,452 At December 31, 2021, paid-in capital consisted of the following: Common stock, 1,910,000 shares at $1 par Paid in capital-excess of par $ 1,910,000 7,490,000 No preferred stock or potential common shares were outstanding during any of the periods shown. Required: Compute Renn-Dever's earnings per share as it would have appeared in income statements for the years ended December 31, 2022, 2023, and 2024. Note: Negative amounts should be indicated by a minus sign. Year Numerator Denominator Earnings (Net Loss) per 2022 + = 2023 + = 2024 + = Share