Elite Trailer Parks has an operating profit of $264,000. Interest expense for the year was $30,500; preferred dividends paid were $29,100; and common dividends paid were $37,900. The tax was $65,400. The firm has 25,400 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?