$8$

Problem $19-8($Algo$)$ Net loss per share; stock dividend; nonconvertible preferred stock; treasury shares; shares sold; discontinued operations; financial statement effects $[$LO$19-5,19-6,19-7,19-13]$

$1\mathrm{.}25$

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On December $31,2023,$ Ainsworth, Incorporated had $700$ million shares of common stock outstanding.

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

On April $30,2024,$ Ainsworth purchased $50$ million shares of its common stock as treasury stock.

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

Ainsworth issued a $4\%$ 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 $$170$ million, including an after$-$tax loss from discontinued operations of $$460$ 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 $2023$ fas $$0\mathrm{.}74,$ based on net income $($no discontinued operations$)$ of $$518$ million and a weighted$-$average number of common shares of $700$ million.

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Req $1$ and $2$

Req $3$

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 $31,2024.$