I need a solution of question No p2- 5 of chapter no 2 written on page 53 of the book principles of the managerial finance 14th edition.

I am writing the question below:

Interest Versus Dividend Income :

Micheal Corporation expects earnings before interest and taxes to be $50,000 for the current period. Assuming an ordinary tax rate of 35% compute the firms earnings after taxes and earnings available for common stockholders ( earnings after taxes and preferred stock dividends) if any under the following conditions;

(A) The firm pays $12000 in interest.

(B) The firm pays $12000 in preferred stock dividends.