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Given the results of the previous income statement calculations, complete the following statements: In Year 2, if Cold Goose has 5,000 shares of preferred

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Given the results of the previous income statement calculations, complete the following statements: In Year 2, if Cold Goose has 5,000 shares of preferred stock issued and outstanding, then each preferred share should expect to receive $60.00 in annual dividends. If Cold Goose has 400,000 shares of common stock issued and outstanding, then the firm's earnings per share (EPS) is expected to change from in Year 1 to in Year 2. $10.03 Cold Goose's earnings before interest, taxes, depreciation and amortization (EBITDA) value changed from $9,000,000 in Year 2. It is incorrect in Year 1 to to say that Cold Goose's net inflows and outflows of cash at the end of Years 1 and 2 are equal to the company's annual contribution to retained earnings, $2,748,400 and $3,387,850, respectively. This is because all but one of the items reported in the income statement involve payments and receipts of cash.

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