Given The informatiom on XYZ Corporation financing, income before interest expense and taxes and income tax expense rate answer the 5 questions below

COMPLETE 1 OF THE FOLLOWING 2 WRITE-UP PROBLEMS (15 points). The first ONE you attempt to answer will be graded. Thus, if you start a problem and change your mind, cross it out OR delete your answers. Problem 1: Given the information on XYZ Corporation's financing, income before interest expense and taxes, and income tax expense rate, answer the 5 questions below: XYZ Corporation is financed as follows: 7% BONDS (Issued at face value)... $6,000,000 PREFERRED $7 STOCK, $50 par $2,000,000 Paid In Capital In Excess of Par - Preferred Stock $1,500,000 COMMON STOCK, $20 par $5,000,000 Paid In Capital in Excess of Par-Common Stock $3,000,000 Income tax is estimated at 40% of income, and income before bond interest and income tax is $2,800,000. The company does not currently have any Treasury Stock A Bond interest expense (not net of the tax consequences) for the year is B. Income tax for the year is: C. Total Dividends paid on Preferred Stock is: D. Earnings available to Common Stockholders: E Earnings per share of common stock for the year is