Green Caterpillar Garden Supplies Inc.Income Statement for Year Ending December 31 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 Given the results of the previous income statement calculations, complete the following statements: Year 1 Year 2 (Forecasted) $15,000,000 $ 11,250,000 600,000 $3,150,000 $ 315,000 $2,835,000 $ 1,134,000 $1,701,000 $ 200,000 $1,501,000 510,300 $ $990,700 600,000 $1,259,237 In Year 2, if Green Caterpillar has 5,000 shares of preferred stock issued and outstanding, then each preferred share should expect to receive in annual dividends. If Green Caterpillar 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. Green Caterpillar's before interest, taxes, depreciation and amortization (EBITDA) value changed from It is incorrect in Year 2. In Year 1 to to say that Green Caterpillar's net inflows and outflows of cash at the end of Years 1 and 2 are equal to the company's annual of the items reported in the income contribution to retained earnings, $990,700 and $1,259,237, respectively. This is because all but one F statement involve payments and receipts of cash.