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

On December $31,2023,$ Ainsworth, Incorporated had $560$ million shares of common stock outstanding.

Fifteen 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 $$120$ million, including an after$-$tax loss from discontinued operations of $$360$ 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 $$0\mathrm{.}75,$ based on net income $($no discontinued operations$)$ of $$420$ million and a weighted$-$average number of common shares of $560$ million.