At the end of this year, Long Light Corporation announced a gross profit of $1100000. The company has also established that over the course of this year that it has incurred $355000 in operating expenses and $125,000 in interest expenses. The company is subject to a 21% tax rate and has declared $62000 of total preferred stock dividends. The company has 15000 shares of common stock outstanding. Long Light's operating profit equals to Long Light's earnings before tax equals to Numeric Long Light's net income equals to Long Light's EPS equals to Compute the change in retained earnings for this year if the company were to declare a $4.25 common stock dividend.