Help Save & Exit Subr Check my work Required: 1. Assuming the note or shares of stock are issued at the beginning of the year, complete the income statement for each alternative. (Enter your answers...

Just want to check work it’s not graded it practice

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Extracted text: Help Save & Exit Subr Check my work Required: 1. Assuming the note or shares of stock are issued at the beginning of the year, complete the income statement for each alternative. (Enter your answers in dollars, not millions. (i.e., $5.5 million should be entered as 5,500,000). Round your "Earnings per Share" to 2 decimal places.) Issue Note Issue Stock Operating income $ 10,500,000 $ 10,500,000 Interest expense (note only) nces Income before tax Income tax expense (40%) Net income 2$ $ Number of shares 3,500,000 4,500,000 Earnings per share (Net income / # of shares) < prev="" 4="" of="" 10="" next="">

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Extracted text: DA Mäthv X 9 Quest X Penny X + education.com/ext/map/index.html?_con=con&External_browser=D0&launchUrl=https%253A%252F%252Flms.mheducation.com%252Fmghmiddle. Maps A Red Rocks Church Inbox (681) - dare6.. E Buff Portal The Promotional El... Saved Help Save & Exit Check Required information [The following information applies to the questions displayed below.] Penny Arcades, Inc., is trying to decide between the following two alternatives to finance its new $30 million gaming center: a. Issue $30 million, 5% note. b. Issue 1 million shares of common stock for $30 per share. Required: 1. Assuming the note or shares of stock are issued at the beginning of the year, complete the income statement for each alternati (Enter your answers in dollars, not millions. (i.e., $5.5 million should be entered as 5,500,000). Round your "Earnings per Sha to 2 decimal places.) Issue Note Issue Stock Operating income $10,500,000 $ 10,500,000 Interest expense (note only) < prev="" 4="" of="" 10="" next=""> ...