Elite Trailer Parks has an operating profit of $246,000. Interest expense for the year was $34,000; preferred dividends paid were $29,000; and common dividends paid were $45,000. The tax was $63,800. The firm has 24,700 shares of common stock outstanding. a. Calculate the earnings per share and the common dividends per share for Elite Trailer Parks. (Round your answers to 2 decimal places.) Earnings per share $ Common dividends per share $ b. What was the increase in retained earnings for the year? Increase in retained earnings $