Interest versus dividend expense Michaels Corporation expects camings before interest and taxes to be 345,000 for the current period osning af ordinary texture of 2% compte firm's earnings after thes and earnings available for common stockholdern (earnings abortues and proferred clock dividenda, lary) under the following condition a. The firm pays $12.400 in interest b. The firm pays $12.400 in preferred stock dividendo Complete the fragment of Michael Corporation's income statement below to compute the firm coming arts and earnings watia for common seders under condition (Round to the nearest dollar) S 5 EBIT Les interest expense Earnings before taxes Loss Taxes (20%) Earnings after taxes Less: Preferred dividends Earnings available for common stockholders 5 S Clear all Check anawe Get more help View an example Help me solve this