company's tax rate remains constant at 40% of its pre-tax income or earnings before taxes (EBT) ear 2. Fuzzy Button expects to pay $200,000 and $608,175 of preferred and common stock dividends, respectively e Year 2 income statement data for Fuzzy Button, then answer the questions that follow. Be sure to round each dollar value to the r Fuzzy Button Clothing Company Income Statement for Year Ending December 31 Year 2 Year 1 (Forecasted) Net sates $10,000,000 6,500,000 400,000 $3,100,000 310,000 2790,000 1/116,000 $1.674,000 200,000 1.474,000 502,200 $971 800 Less: Operating costs, except depreciation and amortization Less: Depreciation and amortization expenses Less: Interest expense Less: Taxes (40%) 400,000 Operating income (or EBIT) Pre-tax income (or EBT) Earnings after taxes Earnings available to common shareholders Contribution to retained earnings Less: Preferred stock dividends Less: Common stock dividends $1/219.075 of the previous income statement calculations, complete the following statements