David's Magic Stores has an operating profit of $260,000. Interest expense for the year was $31,000; preferred dividends paid were $34,500; and common dividends paid were $36,000. The tax was $53,800. David's Magic Stores has 16,000 shares of common stock outstanding. a. Calculate the EPS and the common dividends per share for David's Magic Stores. (Round the final answers to 2 decimal places.) EPS Common dividends per share) b. What is the payout ratio? (Do not round intermediate calculations. Round the final answer to 2 decimal places.) Payout ratio c. What was the increase in retained earnings for the year? Increase in retained earnings $ d. If David's share price is $98.00 what is its price-earnings ratio (P/E)? (Do not round intermediate calculations. Round the final answer to 2 decimal places.) Price earning ratio times