On December $31,2020,$ Ainsworth, Inc., had $600$ million shares of common stock

outstanding. Ninteen million shares of $8\%,$$$100$ par value cumulative,

nonconvertible preferred stock were sold on January $2,2021.$ On April $30,2021,$

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 $12,2021.$ No cash dividends were declared in $2021.$ For the year

ended December $31,2021,$ Ainsworth reported a net loss of $$140$ million, including

an after$-$tax loss from discontinued operations of $$400$ million.

Required: $1.$ Compute Ainsworth's net loss per share for the year ended December

$31,2021.$

Compute the per share amount of income or loss from continuing operations for

the year ended December $31,2021.$

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 $$0\mathrm{.}75,$ based on net income $($no discontinued operations$)$ of $$450$ million and a

weighted$-$average number of common shares of $600$ million.

Req $1$ and $2$

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 $10).)$

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 $$0\mathrm{.}75,$ based on net income $($no discontinued operations$)$ of $$450$ 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.$)$On December $31,2020,$ Ainsworth, Inc., had $600$ million shares of common stock outstanding. Ninteen million shares of $8\%,$ $$100$ par value cumulative, nonconvertible preferred stock were sold on January $2,2021.$ On April $30,2021,$ Ainsworth purchased $50$ million shares of its common stock as treasury stock. Twenty million treasury shares were sold on August $31.$ Ainsworth issued a $4\%$ common stock dividend on June $12,2021.$ No cash dividends were declared in $2021.$ For the year ended December $31,2021,$ Ainsworth reported a net loss of $$140$ million, including an after$-$tax loss from discontinued operations of $$400$ 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 $$0\mathrm{.}75,$ based on net income $($no discontinued operations$)$ of $$450$ million and a weighted$-$average number of common shares of $600$ million. $\backslash$table$[[$AINSWORTH$,$ INC.$],[2021$ and $2020$ Comparative Income Statement$],[,2021,2020],[$Earnings $($Loss$)$ Per Common Share:$],[$Income from continuing operations,$$0\mathrm{.}10,$$$0\mathrm{.}71],[$Loss from discontinued operations,$(0\mathrm{.}73),0\mathrm{.}00],[$Net income $($loss$),$$$(0\mathrm{.}63),$$$0\mathrm{.}71]]$