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Complete the Year 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 Company Income Statement for Year Ending December 31 Year 2 (Forecasted) Year 1 Net sales $15,000,000 Less: Operating costs, except depreciation and amortization 12,000,000 600,000 Less: Depreciation and amortization expenses 600,000 $2,400,000 Operating income (or EBIT) Less: Interest expense 240,000 Pre-tax income (or EBT) 2,160,000 Less: Taxes (40%) 864,000 Earnings after taxes $1,296,000 Less: Preferred stock dividends 100,000 Earnings available common shareholders 1,196,000 Less: Common stock dividends 453,600 Contribution to retained earnings $742,400 $944,225 Given the results of the previous income statement calculations, complete the following statements: In Year 2, f Cute Camel has 10,000 shares of preferred stock issued and outstanding, then each preferred share should expect to receive in annual dividends. If Cute Camel has 500,000 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 before interest, taxes, depreciation and amortization (EBITDA) value changed from in Year 1 to in Year 2 It is t the end of Years 1 and 2 are equal to the company's annual to say that Cute Camel's net inflows and outflows of cash of the item reported contribution to retained earnings, $742,400 and $944,225, respectively. This is because the income statement involve payments and receipts of cash

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