Example 5: The 2016 Form 10-K of Pacific Gas & Electric Corporation includes the following information in the income statement. Compute the missing amounts. PG&E CORPORATION Consolidated Statements of Income (Dollars and shares in millions, except per share amounts) For the year ended December 31, Net income Preferred stock dividends Average common shares outstanding, basic Basic earnings per common share 2016 $1,407 $14 499 2015 $888 $14 $1.81 2014 $1,450 468 $3.07