On December 31, 2020, Ainsworth, Inc., had 600 million shares of common stock outstanding. Sixteen million shares of 7%, $100 par value cumulative, nonconvertible preferred stock were sold on January 2, 2021. On April 30, 2021, 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, 2021. No cash dividends were declared in 2021. For the year ended December 31, 2021, Ainsworth reported a net loss of $125 million, including an after-tax loss from discontinued operations of $370 million. Required: 1. Compute Ainsworth's net loss per share for the year ended December 31, 2021. 2. Compute the per share amount of income or loss from continuing operations for the year ended December 31, 2021. 3. Prepare an EPS presentation that would be appropriate to appear on Ainsworth's 2021 and 2020 comparative income statements. Assume EPS was reported in 2020 as $0.70, based on net income (no discontinued operations) of $420 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 Req3 Compute Ainsworth's net loss per share for the year ended December 31, 2021 and the per share amount of income or loss from continuing operations for the year ended December 31, 2021. (Negative amounts should be indicated by a minus sign. Round your intermediate calculations to 2 decimal places. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) Show less Numerator Net Loss Per Share Denominator 616 1. $ 237 / 11 Numerator Denominator Income/Loss from Continuing Operations Per Share 0.22 2. EA $ 133 7 616 S 11 A Req 1 and 2 Reg 3 Prepare an EPS presentation that would be appropriate to appear on Ainsworth's 2021 and 2020 comparative income statements. Assume EPS was reported in 2020 as $0.70, based on net income (no discontinued operations) of $420 million and a weighted average number of common shares of 600 million. (Round your answers to 2 decimal places. Loss amounts should be indicated with a minus sign.) Show less AINSWORTH, INC. 2021 and 2020 Comparative Income Statement 2021 2020 Earnings (Loss) Per Common Share: Income from continuing operations $ 0.80 $ 0.69 Loss from discontinued operations (1.18) Net income (loss) $ (0.38) $ 0.69