could you please try to help me solve this problem? I don't even know where to start!

Consider the following scenario: Cute Camel Woodcraft Company's income statement reports data for its rst year of operation. The rm's CEO would like sales to increase by 25% next yea r. Do Wi- it t 1. Cute Camel is able to achieve this level of increased sales, but its interest costs increase from 10% to 15% of earnings before interest and taxes (EBIT). 2. The company's operating costs (excluding depreciation and amortization) remain at 60% of net sales, and its depreciation and amortization expenses remain constant from year to year. 3. The company's tax rate remains constant at 40% of its pre-tax income or earnings before taxes (EST). 4. In Year 2, Cute Camel expects to pay $300,000 and $2,111,400 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 nearest whole dollar. Cute Camel Woodcraft Companylncome Statement for Year Ending December 31 Year 1 Year 2 (Forecasted) Net sales $20,000,000 $ Less: Operating costs, except depreciation and amortization 12,000,000 Less: Depreciation and amortization expenses 800,000 800,000 Operating income (or EBIT) $7,200,000 $ Less: Interest expense 720,000 Pre-tax income (or EBT) $6,480,000 $ Less: Taxes (40%) 2,592,000 Earnings after taxes $3,888,000 $ Less: Preferred stock dividends 300,000 Earnings available to common shareholders $3,588,000 $ Less: Common stock dividends 1,749,600 Contribution to retained earnings $1,838,400 $2,280,600