Consider the following scenario: Cold Goose Metal Works Inc.'s income statement reports data for its first year of operation. The firm's CEO would like sales to increase by 25% next year. 1. Cold Goose 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 75% of niet sales, and its depreciation and amortization expenses remain constant from year to year 3. The company's tax rate remains constant at 25% of its pre-tax income or earnings before taxes (EBT). 4. In Year 2, Cold Goose expects to pay $300,000 and $1,172,601 of preferred and common stock dividends, respectively, Year 2 (Forecasted) 600,000 $ Net sales Less: Operating costs, except depreciation and amortization Less: Depreciation and amortization expenses Operating income (or EBIT) less Interest expense Pre-tox income (or EB) Less Taxes (25) Earnings after taxes Less: Preferred stock dividends Earnings available to common shareholders Les Common stock dividends Contribution to retained earnings Cold Goose Metal Works Inc. Income Statement for Year Ending December 31 Year 1 $15,000,000 11,250,000 600,000 $3,150,000 315,000 2,835,000 708,750 $2,126,250 300,000 1,826,250 956,813 5869,437 5 $1,133,180 Given the results of the previous income statement calculations, complete the following statements Year 2 Cold Goeree hus 25,000 shares of preferred stock bed and outstanding, then each preferred share should expect to receive in al dividends If Cold Goose hos 200,000 shares of common stock towed and outstanding, then the firm's earnings per share (es) expected to change from in Year 1 to in Year 2 Cold Gou'ros before interest, tres, depreciation and mortation (CIDA) vile changed from in Year I to in Year 2 . to say that Codon't net inflows and collows of cash at the end of years and are equal to the company's annual contribution to retained warrings, 5809,437 and 51,133,180, respectively. This is because of the items reported in the income tament involvements and recipis ofensh