Ch 03: Assignment - Financial Statements, Cash Flow and Taxes 3. The company's tax rate remains constant at 25% of its pre-tax income or earnings before taxes (EBT). 4. In Year 2, Blue Hamster expects to pay $200,000 and $2,260,656 of preferred and common stock dividends, respectively. Tools Complete the Year 2 income statement data for Blue Hamster, then answer the questions that follow. Be sure to round each dollar value to the nearest whole dollar A imited Year 2 (Forecasted) amortization 1,200,000 Net sales Cess: Operating costs, except depreciation Les Depreciation and mortation expenses Operating income for CDIT) Less Interest expense Pretax income (or EBT) Less Taxes (254) Earrings after taxes Less Preferred stock dividends Fornings available to common shareholders Less Common stock dividends Contribution to retained comings Blue Hamster Manufacturing Inc Income Statement for Year Ending December 31 Year 1 $30,000,000 19,500,000 1,200,000 59,300,000 930,000 6,370,000 2.092,500 56,273,500 200,000 5,077,500 1.13.250 54,154,250 $5,121,531 Cliven the results of the previous income statement calculations, complete the following statements Ch 03: Assignment - Financial Statements, Cash Flow and Taxes 3. The company's tax rate remains constant at 25% of its pre-tax income or earnings before taxes (EBT). 4. In Year 2, Blue Hamster expects to pay $200,000 and $2,260,656 of preferred and common stock dividends, respectively. Tools Complete the Year 2 income statement data for Blue Hamster, then answer the questions that follow. Be sure to round each dollar value to the nearest whole dollar A imited Year 2 (Forecasted) amortization 1,200,000 Net sales Cess: Operating costs, except depreciation Les Depreciation and mortation expenses Operating income for CDIT) Less Interest expense Pretax income (or EBT) Less Taxes (254) Earrings after taxes Less Preferred stock dividends Fornings available to common shareholders Less Common stock dividends Contribution to retained comings Blue Hamster Manufacturing Inc Income Statement for Year Ending December 31 Year 1 $30,000,000 19,500,000 1,200,000 59,300,000 930,000 6,370,000 2.092,500 56,273,500 200,000 5,077,500 1.13.250 54,154,250 $5,121,531 Cliven the results of the previous income statement calculations, complete the following statements