complete the year 2 income statement data for cute camel

Dute Camel Woodcraft Company's income statement reports data for its first year of operation. The firm's CEO would like sales to increase by 25% next rear 1. Cute Camel is able to achieve this level of increased sales, but its interest costs increase from 10% to 15% of earnings before interest and taxes (EBIT). 2. The company's operating costs (excluding depreciation and amortization) remain at 65% of net sales, and its depreciation and amortization expenses remain constant from year to year. 3. The company's tax rate remains constant at 40% of its pre-tax income or earnings before taxes (EBT). 4. In Year 2, Cute Camel expects to pay $200,000 and $1,520,438 of preferred and common stock dividends, respectively. Cute Camel Woodcraft Company Income Statement for Year Ending December 31 Year 2 (Forecasted) Year 1 1,000,000 Net sales Less: Operating costs, except depreciation and amortization Less: Depreciation and amortization expenses Operating income (or EBIT) Less: Interest expense Pre-tax income (or EBT) Less: Taxes (40%) Earnings after taxes Less: Preferred stock dividends Earnings available to common shareholders Less: Common stock dividends Contribution to retained earnings $25,000,000 16,250,000 1,000,000 $7,750,000 775,000 6,975,000 2,790,000 $4,185,000 200,000 3,985,000 1,255,500 $2,729,500 $3,347,687 Given the results of the previous income statement calculations, complete the following statements: Year 2, if Cute Camel has 5,000 shares of preferred stock issued and outstanding, then each preferred share should expect to receive in annual dividends. If Cute Camel has 400,000 shares of common stock issued and outstanding, then the firm's earnings per share (EPS) is expected to change in Year 1 to In Year 2 Cute Camel's before interest, taxes, depreciation and amortization (EBITDA) value changed from in Year 2 1 It is to say that Cute Camel's net inflows and outflows of cash at the end of Years 1 and 2 are equal to the company's annual contribution to retained earnings, $2,729,500 and $3,347,687, respectively. This is because of the items reported in the income statement involve payments and receipts of cash