Elite Trailer Parks has an operating profit of $283,000. Interest expense for the year was $37,900; preferred dividends paid were $31,000; and common dividends paid were $39,000. The tax was $63,600. The firm has 17,800 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?