On December 31, 2023, Ainsworth, Incorporated 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, 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 $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, 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 $0.70, based on net income (no discontinued operations) of $420 million and a weighted-average number of common shares of 600 million. Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 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. Show less Numerator Denominator = 1. 2. Numerator + Denominator = Net Loss Per Share Income or (Loss) from Continuing Operations Per Share Req 1 and 2 Req 3 > 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 $0.70, based on net income (no discontinued operations) of $420 million and a weighted-average number of common shares of 600 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 Earnings (Loss) Per Common Share: Income from continuing operations Loss from discontinued operations Net income (loss) 2024 2023 < Req 1 and 2 Req 3 > Show less