Elite Trailer Parks has an operating profit of $200,000. Interest expense for the year was $10,000; preferred dividends paid were $18,750; and common dividends paid were $30,000. The tax was $61,250. The firm has 20,000 shares of common stocks outstanding.

a). Calculate the earnings per share and the common dividends per share foe Elite Trailer Parks.

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