Pacific Gas and Electric Earnings per share Pacific Gas and Electric Company is a large gas and electric utility operating in northern and central Calfomia. Three recent years of financial data for Pooh Gas and Electric areas follows (in millions) Year) Year 2 Year 1 Net income $1,450 $828 $8.30 Preferred dividends 14 14 14 Average number of common shares outstanding 424 a. Determine the earnings per share for Years 1- J. Round your answers to two decimal places Year 3 Year 2 Year 1 EPS b. Interpret the trend in earrings per share ng horizontal analysis for the three years in terms of the change in earrings and average shares outstanding