Elite Trailer Parks has an operating profit of $251,000. Interest expense for the year was $33,900; preferred dividends paid were $30,100; and common dividends paid were $44,700. The tax was $68,100. The firm has 25,700 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.)

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