Cecil's Camper Company has an operating profit of $$400,000.$ Interest expense for the year was $$28,000,$ taxes paid were $$111,600,$ and common stock dividends paid were $$80,000.$Cecil has $42,400$ shares of common stock outstanding.

a$.$ Calculate the earnings per share and the common dividends per share for Cecil's Camper Company.

b$.$ What was the increase $($decrease$)$ in retained earnings for the year?

c$.$ If Cecil issues $3,000$ additional shares of common stock and uses the proceeds from the sale to pay down the firm's debt, interest expense would be reduced to $$12,000,$ but taxes would increase to $$115,100.$ Using the same information concerning operating income and dividends given above, calculate Cecil's earnings per share and common dividends per share, assuming that the $3,000$ shares are issued.