Year 2 (Forecasted) 800,000 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 (25%) Earnings after taxes Less: Preferred stock dividends Earnings available to common shareholders Less: Common stock dividends Cute Camel Woodcraft Company Income Statement for Year Ending December 31 Year 1 $20,000,000 13,000,000 800,000 $6,200,000 620,000 5,580,000 1,395,000 54,185,000 100,000 4,085,000 1,464,750 $2,620,250 Contribution to retained earnings $3,194,281 Calculations, complete the following statements: In Year 2, if Cute Camel has 10,000 shares of preferred stock issued and outstanding, then each preferred share should expect to receive in annual dividends. un annua even the results of the previous income statement calculations, complete the following statements: in Year 1 to In Year 2, Cute Camel has 10,000 shares of preferred stock issued and outstanding, then each preferred share should expect to receive in annual dividends. If Cute Camel has 500,000 shares of common stock issued and outstanding, then the firm's earnings per share (EPS) is expected to change from in Year 2 Cute Camel's earnings before interest, taxes, depreciation and amortization (EBITDA) value changed from in Year 1 to in Year 2 to say that Cute Camel'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, $2,620,250 and $3,194,281, respectively. This is because of the items reported in the income statement involve payments and receipts of cash