Green Caterpillar Garden Supplies Inc.

Income Statement for Year Ending December $31$

$\backslash$table$[[,$Year $1,$Year $2($Forecasted$)],[$Net sales,$$15,000,000,],[$Less: Operating costs, except depreciation and amortization,$9,000,000,],[$Less: Depreciation and amortization expenses,$600,000,600,000],[$Operating income $($or EBIT$),$$$5,400,000,],[$Less: Interest expense,$540,000,],[$Pre$-$tax income $($or EBT$),4,860,000,],[$Less: Taxes $(25\%),1,215,000,],[$Earnings after taxes,$$3,645,000,|],[$Less: Preferred stock dividends,$100,000,],[$Earnings available to common shareholders,$3,545,000,],[$Less: Common stock dividends,$1,458,000,],[$Contribution to retained earnings,$$2,087,000,$$$2,539,250$