Analyze Pacific Gas and Electric Company Pacific Gas and Electric Company (PCG) is a large gas and electric utility operating in northern and central California. Three recent years of financial data for Pacific Gas and Electric are as follows (in millions): Net income Preferred dividends Average number of common shares outstanding Year 3 Year 2 Year 1 $(7,642) $(6,837) $1,660 $14 $14 $14 528 517 512 a. Determine the earnings per share for Years 1-3. For those boxes in which you must enter subtractive or negative numbers use a minus sign. Round your answers to two decimal places. EPS Year 3 Year 2 Year 1 b. Interpret the trend in earnings per share using horizontal analysis for the three years in terms of the change in earnings and average shares outstanding.