Statement of retained earnings: Hayes Enterprises began2019 with a retained earnings balance of $940,000. During 2019, the firm earned $385,000 after taxes. From this amount, preferred stockholders were paid $49,700 in dividends. At year-end 2019, the firm's retained earnings totaled $1,042,000. The firm had 132,000 shares of common stock outstanding during 2019.

a. Prepare a statement of retained earnings for the year ended December 31, 2019,for Hayes Enterprises. (Note: Be sure to calculate and include the amount of cash dividends paid in

2019.)

b. Calculate the firm's2019 earnings per share (EPS).

c. How large a per-share cash dividend did the firm pay on common stock during 2019?

a. Prepare a statement of retained earnings for the year ended December 31, 2019, for Hayes Enterprises. (Note: Be sure to calculate and include the amount of cash dividends paid in

2019.)

The cash dividends paid on common stock are___ (Round to the nearest dollar.)