Question: PLEASE ANSWER PART B ONLY, THANK YOU. Check my work Elite Trailer Parks has an operating profit of $200,000. Interest expense for the year was

PLEASE ANSWER PART B ONLY, THANK YOU.

Check my work Elite Trailer Parks has an operating profit of $200,000. Interest expense for the year was $10,000; preferred dividends paid were $18,750; and common dividends paid were $30,000. The tax was $61,250. The firm has 20,000 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.) Earnings per share Common dividends per share $ $ 5.50 1.50 b. What was the increase in retained earnings for the year? Increase in retained earnings

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