Cute Camel Woodcraft Company's income statement reports data for first year of operation. The firm's CEO would be ses to increase by 25 next year 1. Cute Camel is able to achieve this level of increased sales, but its interest costs increase from 10% to 15 of aming before Interest and taxes (EBIT) 2. The company's operating cos (excluding depreciation and amortization) remain : 70% of net sales, and its deprecation and amortization expenses remain constant from year to your 3. The company's tax rate mais constant at 40% of its pretax income or can before 4. In Year 2. Oute Came expects to pay $100.000 and 51.025,100 of preferred and common stock vind, Complete the Year 2 income statement data for Cute Camet, thenswer the follow here to round each other whole dollar Cute Camel Woodcraft Company Income Statement for Year Ending December Year 2 Net Les Operating concept depreciation and mortation Le Depreciation and more Operating income for som $15.000.000 OG DOO 600.000 52.900.000 G0.000 (40) 10.000 1,500 3 5 2 $ 4 3 % 5 - 7 9 0 Q W E R T Y U . S D F G H J K Z N c V B N M Year 1 Year 2 (Forecasted) $ $15,000,000 10,500,000 600,000 $3,900,000 600,000 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 390,000 3,510,000 1,404,000 $2,106,000 100,000 2,006,000 842.400 $1.163.600 $1,437,650 Given the results of the previous income statement calculations, complete the following statements Is Year 2, Cute Cameras 5,000 shares of preferred stock issued and outstanding, then each preferred share should expect to receive In annual dividends Toute Camel hes 400.000 shares of common stock in and outstanding, then the firm's carries per share (EPS) is expected to change from Year to Year - Butecomers before west, taxes, erection and anotto (SOA) valve changed from to say that the town at the end of years and area to the com contribution to retained 51.163.600 47,410 vey. This