On December $31,2023,$ Ainsworth, Incorporated had $760$ million shares of common stock outstanding.

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:

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 $$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 $2$

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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