stockholders $($earnings after taxes and preferred spock dividends, if any$)$ under the following conditions

a$.$ The firm pays $$11,900$ in interest.

b$.$ The firm pays $$11,900$ in preferred stock dividends.

EBIT

Less Interest expense

Earnings before taxes

Less: Taxes $(21\%)$

Earnings after taxes

Less: Preferred dividends

Earnings available for common stockholders

EBIT

$

Less: Interest expense

Earnings before taxes

Less: Taxes $(21\%)$

Earnings after taxes

Less: Preferred dividends

Earnings available for common stockholders