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The income statement, also known as the profit and lass (P\&L) statement, provides a snapshot of the financial performance of a company during a specified period of time. It reports a firm's gross income, expenses, net income, and the income that is avalable for distribution to its preferred and common shareholders. The income statement is prepared using the generally accepted accounting prindples (GMP) that match the firm's revenues and expenses to the period in which they were incurred, not necessarily when cish was recelved or paid. Investors and analysts use the information given in the income statement and other financial statements and reports to evaluate the company's financial performanoe and condition. Consider the following scenario: Cold Goose Metal Works Inc:'s income statement reports data for its first year of operation. The firm's CEO would like sales to increase by 25% pext year. 1. Cold Goose is able to achieve this level of increased sales, but its interest costs increase from 10% to 15% of earninos before interest and taxes (E8I)). 2. The company's operating costs (excluding depreciation and amortization) remain at 75% of net sales, and its depredation and amortization expenses remain constant from year to year. 3. The company's tax rate remains constant at 40% of its pre-tax income of earnings before taxes (EBT). 4. In Year 2. Cold Goose expects to pay $300,000 and $938,081 of penferred and common stock dividends, respectively. Cold Goose Metal Works Inci'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. Cold Goose is able to achieve this level of increased sales, but its interest costs increase from 10% to 15% of eamings before interest and taxes (EBIT). 2. The company's operating costs (excluding depreciation and amortization) remain at 75% 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. Cold Goose expects to pay $300,000 and $938,081 of preferred and common stock dividends, respectively. Complete the Year 2 income statement data for Cold Goose, then answer the questions that follow. Be sure to round each dollar value to the nearest whole dollar. Given the results of the previous income statement calculations, complete the following statements: - In Year 2, if Cold Goose has 25,000 shares of preferred stock issued and outstanding, then each preferred share should expect to recsive in annual dividends. - If cold Goose has 200,000 shares of common stock issued and outstanding, then the firm's earnings per share (EPS) is expected to change from in Year 1 to in year 2. Given the results of the previous income statement calculations, complete the following statements: - In Year 2, if Cold Goose has 25,000 shares of preferred stock issued and outstanding, then each preferred share should expect to receive. in annual dividends. - If Cold Goose has 200,000 shares of common stock issued and outstanding, then the firm's earnings per share (EPS) is expected to change from in Year 1 to in Year 2 . - Cold Goose's before interest, taxes, depreciation and amortization (EBITDA) value changed from in Year-1 to in Year 2 . - It is to say that Cold Goose's net inflows and outfows of cash at the end of Years 1 and 2 are equal to the company's annual contribution to retained earnings. This is because of the item reported in the income statement involve payments and receipts of cash. The income statement, also known as the profit and lass (P\&L) statement, provides a snapshot of the financial performance of a company during a specified period of time. It reports a firm's gross income, expenses, net income, and the income that is avalable for distribution to its preferred and common shareholders. The income statement is prepared using the generally accepted accounting prindples (GMP) that match the firm's revenues and expenses to the period in which they were incurred, not necessarily when cish was recelved or paid. Investors and analysts use the information given in the income statement and other financial statements and reports to evaluate the company's financial performanoe and condition. Consider the following scenario: Cold Goose Metal Works Inc:'s income statement reports data for its first year of operation. The firm's CEO would like sales to increase by 25% pext year. 1. Cold Goose is able to achieve this level of increased sales, but its interest costs increase from 10% to 15% of earninos before interest and taxes (E8I)). 2. The company's operating costs (excluding depreciation and amortization) remain at 75% of net sales, and its depredation and amortization expenses remain constant from year to year. 3. The company's tax rate remains constant at 40% of its pre-tax income of earnings before taxes (EBT). 4. In Year 2. Cold Goose expects to pay $300,000 and $938,081 of penferred and common stock dividends, respectively. Cold Goose Metal Works Inci'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. Cold Goose is able to achieve this level of increased sales, but its interest costs increase from 10% to 15% of eamings before interest and taxes (EBIT). 2. The company's operating costs (excluding depreciation and amortization) remain at 75% 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. Cold Goose expects to pay $300,000 and $938,081 of preferred and common stock dividends, respectively. Complete the Year 2 income statement data for Cold Goose, then answer the questions that follow. Be sure to round each dollar value to the nearest whole dollar. Given the results of the previous income statement calculations, complete the following statements: - In Year 2, if Cold Goose has 25,000 shares of preferred stock issued and outstanding, then each preferred share should expect to recsive in annual dividends. - If cold Goose has 200,000 shares of common stock issued and outstanding, then the firm's earnings per share (EPS) is expected to change from in Year 1 to in year 2. Given the results of the previous income statement calculations, complete the following statements: - In Year 2, if Cold Goose has 25,000 shares of preferred stock issued and outstanding, then each preferred share should expect to receive. in annual dividends. - If Cold Goose has 200,000 shares of common stock issued and outstanding, then the firm's earnings per share (EPS) is expected to change from in Year 1 to in Year 2 . - Cold Goose's before interest, taxes, depreciation and amortization (EBITDA) value changed from in Year-1 to in Year 2 . - It is to say that Cold Goose's net inflows and outfows of cash at the end of Years 1 and 2 are equal to the company's annual contribution to retained earnings. This is because of the item reported in the income statement involve payments and receipts of cash