Elite Trailer has an operating profit of $241,000. Interest expense for the year was $35,800; preferred dividends paid were $34,100; and common dividends paid were $39,600. The tax was $61,400. The firm has 23,700 shares of common stock outstanding. a. Calculate the earnings per share and the common dividends per share for Elite Trailer. Note: Round your answers to 2 decimal places. b. What was the increase in retained earnings for the year