Question $1$At the end of $2023,$ Long Life Light Bulb Corporation announced a gross profit of $$1$ million. The company has also established that over the course of this year that it has incurred $$345,000$ in operating expenses and $$125,000$ in interest expenses. The company is subject to a $30\%$ tax rate and has declared $$57,000$ of total preferred stock dividends.$($a$)$ Calculate the earnings available for common stockholders?$($b$)$ Compute the increased retained earnings for $2023$ if the company were to declare a $$4\mathrm{.}25$ common stock dividend. The company has $15,000$ shares of common stock outstanding.M