ore: 0 of 1 pt 7 of 74 complete HW Score: 44.72%, 3.13 of 7 pts 1-10 (similar to) Question Help trest versus dividend expense Michaels Corporation expects earnings before interest and taxes to be $45,000 for the current period. Assuming a fat ordinary tax rate of 40%, compute the firm's carings whertaxes and earnings available for common stockholders (eamings atertaxes and preferred stock dividends, if any) under the following conditions: The firm pays $11.00 in interest b. The firm pays $11.00 in preferred stock dividends Complete the fragment of Michael Corporation's income statement below to compute the firm's camins ahor taxes and carings available for common stockholders under conditional (Round to the nearest dollar) s Less Interest expense Earrings before taxes $ Less: Tees (40%) Earnings trases $ Less: Preferred dividends Camins available for common stockholders $ EBIT Enter any number in the beds and then click Check Answer port CA Check Answer MacBook Pro DI DO C SO 73 383 $ 4 & 7 N 5 6 3 2 0 8 9 severe )