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! Required information [The following information applies to the questions displayed below.] Consolidated Edison, Incorporated (Con Edison), is a public utility company operating primarily

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! Required information [The following information applies to the questions displayed below.] Consolidated Edison, Incorporated (Con Edison), is a public utility company operating primarily in New York whose annual revenues exceed $12 billion. It reported the following December 31 simplified balances in its statement of stockholders' equity (dollars in millions): Current Year Prior Year Common stock Paid-in capital Retained earnings $ 41 7,754 11,400 $ 40 6,847 11,028 During the current year, Northwest Gas and Electric reported net income of $1,383. Required: 1. How much did Con Edison declare in dividends for the year? Note: Enter your answers in millions (i.e., 10,000,000 should be entered as 10). Dividends

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