signment 03 - Financial Statements, Cash Flow, and Taxes Cold Goose Metal Works Inc. Income Statement for Year Ending December 31 Year 2 (Forecasted) $31,250,000 18,750,000 1,000,000 Net sales Less: Operating costs, except depreciation and amortization Less: Depreciation and amortization expenses 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 Year 1 $25,000,000 18,750,000 1,000,000 $5,250,000 525,000 4,725,000 1,890,000 $2,835,000 100,000 2,735,000 1,134,000 $1,601,000 $1,984,625 Given the results of the previous income statement calculations, complete the following statements: In Year 2, if Cold Goose has 5,000 shares of preferred stock issued and outstanding, then each preferred share should expect to receive in annual dividends. If Cold Goose has 400,000 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 in Year 1 to Cold Goose's before interest, taxes, depreciation and amortization (EBITDA) value changed from in Year 2. It ir to say that old Goose's net inflows and auf cash at the end of Years and meet the commal