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please fill in all blank spaces on income statement correctly and completely thanks! 1506030121425 0AAASDSE eaSearch Cold Goose Metal Works Inc 's income mports data
please fill in all blank spaces on income statement correctly and completely thanks!
1506030121425 0AAASDSE eaSearch Cold Goose Metal Works Inc 's income mports data for its first year of operation. The nms ao wold like , ales to ionale by 296 net year. L. Cold Goose is able to achieve this level of increased sales, but its interest csts increasve from 10% to 15% of earnings before interest and depreciation and amortization) romain at 65%, of rat sales, and its depreciation and grotization expenses reman constant from year to year 3. me ompany's tax rate remains ontst t 40% of its tax income or earnings before taxes ( 4. In Year 2, Cald Goose expects to pay $300,000 and $1,368,394 eHT). of preferred and common stock dividends, respectively. Cormpletn the Year 7 income statement data for Cold Goose, then answer the questions that follow. Be sure to Cold Goose Metal Works Inc. Income Statement for Year Ending December 31 Net sales $15,000,000 9,750,000 600,000 $4,650,000 465,000 4,185,000 1,674,000 $2,511,000 300,000 2,211,000 1,129,950 1,081,050 Less: Operating costs, except depreciation and amortization Less: Depreciation and amortization expenses 600,000 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 $1,372,481 Given the results of the previous income statement calculations, complete the following statements
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