and earnings available for common stockholders $($earnings after taxes and preferred stock dividends, if any$)$ under the following conditions.

a$.$ The firm pays $$13,000$ in interest.

b$.$ The firm pays $$13,000$ in preferred stock dividends. EBIT

$

Less: Interest expense

Earnings before taxes

Less: Taxes $(27\%)$

Earnings after taxes

Less: Preferred dividends

Earnings available for common stockholders

$

$

$