Question: 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



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. Cold Goose Metal Works Inc. Income Statement for Year Ending December 31 Year 2 (Forecasted) 400,000 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 $10,000,000 7,500,000 400,000 $2,100,000 210,000 1,890,000 756,000 $1,134,000 150,000 984,000 283,500 $700,500 $892,312 Given the results of the previous income statement calculations, complete the following statements: Given the results of the previous income statement calculations, complete the following statements: In Year 2, if 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 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. in Year 1 to Cold Goose's earnings before interest, taxes, depreciation and amortization (EBITDA) value changed from in Year 2. It is 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, $700,500 and $892,312, respectively. This is because of the item reported in the income statement involve payments and receipts of cash
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