Question: Understanding EPS Calculations On its Form 1 0 - K , Bank of America Corp. reported information related to basic earnings per share. Fill in

Understanding EPS Calculations
On its Form 10-K, Bank of America Corp. reported information related to basic earnings per share. Fill in the missing information.
Note: Round answers except for earnings per share to the nearest dollar, if applicable.
Note: Round earnings per share to two digits after the decimal, if appicable.
$ millions, except per share amountsCurrent YearPrior YearTwo Years PriorNet income$50,665$32,818Answer 1
Preferred stock dividends$2,612Answer 2
$3,028Net income applicable to common shareholders$48,053Answer 3
$29,052Average common shares outstanding18,173.7018,352.10Answer 4
Basic earnings per shareAnswer 5
$1.63$1.57

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