Complete the Year 2 income statement data for Cute Camel, then answer the questions that follow. Be sure to round each dollar value to the nearestwhole dollar. Siven the results of the previous income statement calculations, complete the following statements: - In Year 2, if Cute Camel has 5,000 shares of preferred stock issued and outstanding, then each preferred share should expect to recerve in annual dividends. - If Cute Camel 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. - Cute Camel's earnings before interest, taxes, depreciation and amortization (EBrrDA) value changed from in Year 1 to in Year 2. - It is 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, $1,479,500 and $1,822,062, respectively. This is because of the items reported in the incorne statement involve payments and receipts of cash. The income statement, also known as the profit and loss (PSL) statement, provides a snapshot of the financial performance of a company during a specified period of time. It reports a firm's gross income, experises, net income, and the income that is available for distribution to its preferred and curmenon sharcholders: The income statement is prepared using the generally accepted accounting principles (GAAP) that match the firm's revenues and expenses to the period in which they were incurred, not necessarily when cash was received or paid. Investors and analysts use the information given in the income tatement and other financial statements and reports to evaluate the company's financial performance and condition. Consider the following scenano: Culs Camel Woodcraft Compary's income statement reports dotu for its first year of operation. The firmis cEO would like sales to increase by 25% next year 1. Cute Camel is able to schieve this level of increased sales, but its interest costs increase from 10% to 15% of earnings before interest and taxes (ftern) 2. The comparv's operating conts (excluding depreciation and amorto otion) remain at 70% of net sales, and its depreciation and amortizetion expenaes remain constant from year to yeat. 3. The company's tax rate remains constant at 25% of its pre-tax income or earnings before taxes (EBT). 4. In Year 2, Cute Camel expects to pay $100,000 and $1,281,375 of preferred and common stock dividends, respectively. Complete the Year 2 income statement data for Cute Camel, then answer the questions that follow. Be sure to round each dollar value to the nearestwhole dollar. Siven the results of the previous income statement calculations, complete the following statements: - In Year 2, if Cute Camel has 5,000 shares of preferred stock issued and outstanding, then each preferred share should expect to recerve in annual dividends. - If Cute Camel 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. - Cute Camel's earnings before interest, taxes, depreciation and amortization (EBrrDA) value changed from in Year 1 to in Year 2. - It is 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, $1,479,500 and $1,822,062, respectively. This is because of the items reported in the incorne statement involve payments and receipts of cash. The income statement, also known as the profit and loss (PSL) statement, provides a snapshot of the financial performance of a company during a specified period of time. It reports a firm's gross income, experises, net income, and the income that is available for distribution to its preferred and curmenon sharcholders: The income statement is prepared using the generally accepted accounting principles (GAAP) that match the firm's revenues and expenses to the period in which they were incurred, not necessarily when cash was received or paid. Investors and analysts use the information given in the income tatement and other financial statements and reports to evaluate the company's financial performance and condition. Consider the following scenano: Culs Camel Woodcraft Compary's income statement reports dotu for its first year of operation. The firmis cEO would like sales to increase by 25% next year 1. Cute Camel is able to schieve this level of increased sales, but its interest costs increase from 10% to 15% of earnings before interest and taxes (ftern) 2. The comparv's operating conts (excluding depreciation and amorto otion) remain at 70% of net sales, and its depreciation and amortizetion expenaes remain constant from year to yeat. 3. The company's tax rate remains constant at 25% of its pre-tax income or earnings before taxes (EBT). 4. In Year 2, Cute Camel expects to pay $100,000 and $1,281,375 of preferred and common stock dividends, respectively