Elite Trailer Parks has an operating profit of $254,000. Interest expense for the year was $34,600; preferred dividends paid were $29,800; and common dividends paid were $42,200. The tax was $67,700. The firm has 18,400 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?