Year 2 (Forecasted) 600,000 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 EB) 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 $15,000,000 12,000,000 600,000 $2,400,000 240,000 $2,160,000 864,000 $1,296,000 150,000 $1,146,000 324,000 $822,000 $ $1,054,875 Given the results of the previous income statement calculations, complete the following statements: In Year 2, Cold Goose has 10,000 shares of preferred stock issued and outstanding, then each preferred share should expect to receive in annual dividends If Cold Goose hos 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 to say that cold Goose's net inflows and outflows of cash at the end of Years 1 and 2 are equal to the company's annual contribution to retained earnings, $822,000 and $1,054,875, respectively. This is because of the items reported in the income statement involve payments and receipts of cash It is