Use the information given in the income statement to answer the question that follows. Cold Goose Metal Works Inc. Income Statement Years Ending December 31 Year 2 (Forecasted) Year 1 Net sales 37,500,000 $30,000,000 Fixed operating costs, except depreciation and amortization (24,375,000) (19,500,000) Depreciation and amortization expenses (1,200,000) (1,200,000) Net operating income (or EBIT) 11,925,000 $9,300,000 Interest (1,788,750) (930,000) Earnings before taxes (or EBT) 10,136,250 $8,370,000 Taxes (40%) (4,054,500) (3,348,000) Net Income 6,081,750 $5,022,000 Preferred dividends (100,000) (100,000) Earnings available to common stockholders (EAC) 5,981,750 $4,922,000 Common dividends (2,432,700) (2,008,800) Addition to retained earnings $3,549,050 $2,913,200 Cold Goose's before interest, taxes, depreciation, and amortization (EBITDA) value changed from Year 2. TOTAL SCORE: 2/5 in Year 1 to Grade Step 4 in