At the end of 2015, long life light bulb corporation announced a gross profit of $1 million. The company has also established that over the course of this year that it has incurred $345,000 in operating expenses and $125,000 in interest expense. The company is subject to a 30% tax rate and has declared $57,000 of total preferred stock dividends.

a) calculate the earnings available for common stockholders? I think I got the answer to this pone $314,000

b) compute the increased retained earnings for 2015 if the company were to declare a $4.25 common stock dividend. The company has 15,000 shares of common stock outstanding?