Cute 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 year. Cute Camel Woodcraft Company Income Statement

For Year Ending December $31$

$1.$ 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 $70\%$ 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 $$100,000$ and $$1,025,100$ of preferred and common stock dividends, respectively.