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I need help with this income statment please. Also after the income statement it asks three question that are as follows: 1.In year 2, if

image text in transcribedI need help with this income statment please. Also after the income statement it asks three question that are as follows:

1.In year 2, if Cute Camel has 10,00 shares of preferred stock issued and outstanding, then each preffered share shoud expect to recieve ____ in annual dividends A.$15.00 B.30.00 C.$37.50 D.22.50

2.If Cute Camel has 200,000 shares of common stock issued and outstanding, then the firms earnings per share is expected to change from ____ in Year 1 to _____ in Year 2

3.Cute Camels before intrest, taxes, deprecitation and ammortization (EBITDA) value change from ____ in Year 1 to _____ in Year 2

Cute Camel woodcraft Company's income statement reports data for its first year of operation. The firm's CEO would like sales to increase by 25% next year. 1. Cute Camel is able to achieve this level of increased sales, but its interest costs increase from 10% to 15% of earnings before interest and taxes (EBIT) 2. The company's operating costs (excluding depreciation and amortization) remain at 70% of net sales, and its depreciation and amortization expenses remain constant from year to year. 3. The company's tax rate remains constant at 40% of its pre-tax income or earnings before taxes (EBT) 4. In Year 2, Cute Camel expects to pay $150,000 and $1,281,375 of preferred and common stock dividends, respectively Complete the Year 2 income statement data for Cute Camel, then answer the questions that follow. Round each dollar value to the nearest whole dollar. Cute Camel Woodcraft Company Income Statement for Year Ending December 31 Year 2 Year 1 (Forecasted) Net sales $30,000,000 21,000,000 1,200,000 $7,800,000 780,000 7,020,000 2,808,000 $4,212,000 150,000 4,062,000 1,053,000 $3,009,000 Less: Operating costs, except depreciation and amortization Less: Depreciation and amortization expenses 1,200,000 Operating income (or EBIT) Less: Interest expense Pre-tax income (or EBT) Less: Taxes (40%) Earnings after taxes Earnings available to common shareholders Contribution to retained earnings Less: Preferred stock dividends Less: Common stock dividends $3,694,125

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