Elite Trailer Parks has an operating profit of $300,000. Interest expense for the year was $38,100; preferred dividends paid were $29,500; and common dividends paid were $36,700. The tax was $69,100. The firm has 16,400 shares of common stock outstanding.

Calculate the earnings per share and the common dividends per share for Elite Trailer Parks. (Round your answers to 2 decimal places.)

What was the increase in retained earnings for the year?