Hayes Enterprises began 2012 with a retained earnings balance of $928,000. During 2012, the firm earned $377,000 after taxes. From this amount, preferred stockholders were paid $47,000 in dividends. At year-end 2012, the firm's retained earnings totaled $1,048,000. The firm had 140,000 shares of common stock outstanding during 2012.
a. Prepare a statement of retained earnings for the year ended December 31, 2012, for Hayes Enterprises.
b. Calculate the firm's 2012 earnings per share (EPS).
c. How large a per-share cash dividend did the firm pay on common stock during 2012?