Cold Goose Metal Works Inc. Income Statement for Year Ending December 31 Year 2 (Forecasted) Year 1 $20,000,000 Net sales 13,000,000 Less: Operating costs, except depreciation and amortization Less: Depreciation and amortization expenses 800,000 800,000 $ $6,200,000 Operating income (or EBIT) Less: Interest expense 620,000 Pre-tax income (or EBT) $5,580,000 $ Less: Taxes (40%) 2,232,000 Earnings after taxes $3,348,000 $ Less: Preferred stock dividends 100,000 Earnings available to common shareholders $3,248,000 1,171,800 Less: Common stock dividends Contribution to retained earnings $1,828,925 $2,535,425 Given the results of the previous income statement calculations, complete the following statements: In Year 2, if Cold Goose has 10,000 shares of preferred stock issued and outstanding, then each preferred share should expect to receive in annual dividends. In Year 2, if Cold Goose has 10,000 shares of preferred stock issued and outstanding, then each preferred share should expect to receive in annual dividends. If Cold Goose has 500,000 shares of common stock issued and outstanding, then the firm's earnings per share (EPS) is expected to change from in Year 2 in Year 1 to Cold Goose's before interest, taxes, depreciation and amortization (EBITDA) value changed from in Year 1 to in Year 2 to say that Cold Goose's net inflows and outflows of cash at the end of Years 1 and 2 are equal to the company's annual It is contribution to retained earnings, $1,828,925 and $2,535,425, respectively. This is because of the items reported in the income statement involve payments and receipts of cash Grado It Now Save S. Continue