By Tools ps S uoose Metal Works Inc. Income Statement Years Ending December 31 Net sales Fixed operating costs, except depreciation and amortization Depreciation and amortization expenses Net operating income (or EBIT) Interest Earnings before taxes (or EBT) Taxes (40%) Net Income Preferred dividends Earnings available to common stockholders (EAC) Common dividends Addition to retained earnings Year 2 (Forecasted) 18,750,000 (13,125,000) (600,000) 5,025,000 (753,750) 4,271,250 (1,708,500) 2,562,750 (100,000) 2,462,750 (896,963) $1,565,787 Year 1 $15,000,000 (10,500,000) (600,000) $3,900,000 (390,000) $3,510,000 (1,404,000) $2,106,000 (100,000) $2,006,000 (737,100) $1,268,900 Cold Goose's before interest, taxes, depreciation, and amortization (EBITDA) value changed from Year 2. in Year 1 to H Fixed operating costs, except depreciation and amortization Depreciation and amortization expenses Net operating income (or EBIT) Interest Earnings before taxes (or EBT) Taxes (40%) Net Income Preferred dividends Earnings available to common stockholders (EAC) Common dividends Addition to retained earnings (Forecasted) 18,750,000 (13,125,000) (600,000) 5,025,000 (753,750) 4,271,250 (1,708,500) 2,562,750 (100,000) 2,462,750 (896,963) $1,565,787 Year 1 $15,000,000 (10,500,000) (600,000) $3,900,000 (390,000) $3,510,000 (1,404,000) $2,106,000 (100,000) $2 (7) $1 Cold Goose's before interest, taxes, depreciation, and amortization (EBITDA) value changed from Year 2. $4,500,000 $14,400,000 $5,304,000 $6,006,000 in Year 1 to perating costs, except depreciation and amortization Depreciation and amortization expenses. Net operating income (or EBIT) Interest Earnings before taxes (or EBT) Taxes (40%) Net Income Preferred dividends Earnings available to common stockholders (EAC) Common dividends Addition to retained earnings 18,750,000 (13,125,000) (600,000) 5,025,000 (753,750) 4,271,250 (1,708,500) 2,562,750 (100,000) 2,462,750 (896,963) $1,565,787 $15,000,000 (10,500,000) (600,000) $3,900,000 (390,000) $3,510,000 (1,404,000) $2,106,000 (100,000) $2,006,000 (737,100) $1,268,900 Goose's before interest, taxes, depreciation, and amortization (EBITDA) value changed from 2. in Year 1 to $5,625,000 $7,587,750 $19,503,750 $15,687,750 in