Given the results of the previous income statement calculations, complete the folllowing statements:

1. In Year 2, if Cold Goose has 25,000 shares of preferred stock issued and oustanding, then each preferred share should expect to recieve __________ in annual dividends.

2. If cold goose has 200,000 shares of common stock issued and outstanding, then the firm's earnings per share is expected to change from ____ in Year 1 to ____ in Year 2

3. Cold goose's before interest, taxes, depreciation, and amortization value changed from ____ in Year 1 to ______ in Year 2

4. It is ____________ (correct/incorrect) to say that cold goose's net inflows and outflows of cash and the end of Years 1 and 2 are equal to the company's annual contribution to retained earnings, 822,000 and 1,054,875, respectively. This is because _____________(all but one/all) of the items in the income statement involves payments and receipts of cash.