Please help the denominator is 395 and 4.92 per share **Example Calculation of Net Loss Per Share**At December 31, 2020, Albrecht Corporation had outstanding 388,000 shares of common stock and 10,000 shares of 9.5%, $100 par value cumulative, nonconvertible preferred stock. On May 31, 2021, Albrecht sold for cash 12,000 shares of its common stock. No cash dividends were declared for 2021. For the year ended December 31, 2021, Albrecht reported a net loss of $2,038,000.**Required:**Calculate Albrecht's net loss per share for the year ended December 31, 2021. (*Enter your answers in thousands. Negative amounts should be indicated by a minus sign. Do not round intermediate calculations.*)**Calculation Table**| Numerator | / | Denominator | = | Net Loss per Share ||-----------|---|-------------|---|--------------------|| | | | | |To solve, calculate the adjusted shares after the new issuance and apply the formula for net loss per share:1. Compute the new number of common shares by adjusting for the May issuance.2. Subtract preferred dividends from the net loss to find the loss attributable to common shareholders.3. Divide by the total shares to find the net loss per share.

Total loss to be borne by the common stockholders is the loss after setting aside cumulative preferred dividend. For cumulative preferred shareholders, you must pay dividend irrespective of whether company had earned profit or not. Also, it is given in the data that corporation has issued fresh stock at the end of May month. we need to calculate weighted average number of shares to determine the net loss per share. Now Albrecht's net loss per share for the year ended December 31, 2021 = - $0.0054 Explanation: Number of share outstanding at the beginning of the year = 388,000 Number of shares issued as on May 31 = 12000 weighted Average Number of shares = 388,000 shares + 12000 shares * 7/12 months = 388,000 shares + 7000 shares = 395,000 shares. Cumulative Preferred Dividend for current year = (10,000 shares * $100) *9.5% = $95,000 Net loss Reported by Albrecht = - $2,038,000 Total loss bear by the common stock = - $2,038,000 - $95,000 = -$2,133,000 Per share loss for common stock = -$2,133,000 / 395,000 shares = - $5.4 Note: if you write per share loss in figure of thousand then it will be - $5.4 / 1000 = -$0.0054 Workings in Thousands Numerator Denominator Net loss per share -$2,133 $395 -0.0054