of a company during a a firm's gross income, expenses, net income, and the income...

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of a company during a a firm's gross income, expenses, net income, and the income that is available for distnibution to its preferred and common principles (GAAP) that match the firm's revenues and expenses to the period in and analysts use the information given in the income statement and other financial statements and reports to evaluate the company's financial performance and condition and taxes (EBIT). 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 $1,583,550 of preferred and common stock dividends, respectively. O Type here to search Operating income (or EBIT) Less: Interest expense 300,000 Earnings available to common shareholders to in annual dividends. in Year 1 to in Year 2. n Year 1 to of the item reported in annual contribution to retained earnings, $1,303,800 and $1,635,450, respectively. This is because the income statement involve payments and receipts of cash. O Type here to sea

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