12-2: Your firm has three estimated earnings before interest and taxes (EBIT), as follows: (A) $52,000 (B) $44,000 (C) $39,000 The firm has bonds outstanding of $120,000 with coupon (debt) rate at 12% annually; 2,000 shares of preferred stock with an annual dividend of $6 per share; and 6,000 shares of common stock outstanding. With a 34% tax rate, create the ending income statement showing earnings available to common shareholders, and then compute the earnings per share (EPS) on the common stock for the above EBIT scenarios