On December $31,2023,$ Ainsworth, Incorporated had $800$ million shares of common stock outstanding.

Thirty two million shares of $5\%,$$$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 $$200$ million, including an after$-$tax loss from discontinued operations of $$520$ 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 $$0\mathrm{.}72,$ based on net income $($no discontinued operations$)$ of $$576$ million and a weighted$-$average number of common shares of $800$ million.

Complete this question by entering your answers in the tabs below.

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 $31,2024.$

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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$\backslash$table$[[,$Numerator,$,$Denominator,$=,$Net Loss Per Share$],[1.,,,,=,],[,$Numerator,$,$Denominator,,$\backslash$table$[[$Income or $($Loss$)$ from$],[$Continuing Operations Per$],[$Share$]]],[2.,,,,,]]$

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 $$0\mathrm{.}72,$ based on net income $($no discontinued operations$)$ of $$576$ million and a weighted$-$average number of common shares of $800$ million.

Note: Round your answers to $2$ decimal places. Loss amounts should be indicated with a minus sign.

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$\backslash$table$[[$AINSWORTH$,$ INCORPORATED$],[2024$ and $2023$ Comparative Income Statement,$],[,2024,2023],[$Earnings $($Loss$)$ Per Common Share:,,$],[$Income from continuing operations,,$],[$Loss from discontinued operations,,$],[$Net income $($loss$),,]]$