$03-$ Assignment $-$ Financial Statements, Cash Flow, and Taxes

Cute Camel Woodcraft Company

Income Statement for Year Ending December $31$

Given the results of the previous income statement calculations, complete the following statements:

In Year $2,$ if Cute Camel has $25,000$ shares of preferred stock issued and outstanding, then each preferred share should expect to receive

$$ in annual dividends.

If Cute Camel has $200,000$ shares of common stock issued and outstanding; then the firm's earnings per share $($EPS$)$ is expected to change from

$$ in Year $1$ to $$ in Year $2.$

Cute Camel's earnings before interest, taxes, depreciation and amortization $($EBITDA$)$ value changed from $-$ in Year $1$ to

$$ in Year $2.$

It is $$ to say that Cute Camel's net inflows and outflows of cash at the end of Years $1$ and $2$ are equal to the company's annual contribution to retained earnings, $$1,482,000$ and $$1,908,937,$ respectively. This is because $$ of the items reported in the income statement involve payments and receipts of cash.