interest and taxes $($EBIT$).$

$2.$ The company's operating costs $($excluding depreciation and amortization$)$ remain at $70\mathrm{.}00\%$ 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 $($EBT$).$

$4.$ In Year $2,$ Green Caterpillar expects to pay $$300,000$ and $$2,306,475$ of preferred and common stock dividends, respectively.

Complete the Year $2$ income statement data for Green Caterpillar, then answer the questions that follow. Round each dollar value to the nearest whole dollar.

Green Caterpillar Garden Supplies Inc.

Income Statement

Years Ending December $31$

$\backslash$table$[[,$Year $2($Forecasted$),,$Year $1],[$Net sales,$$,,$$$30,000,000$