Frontier City is trying to decide between the following two alternatives to finance its new $10 million roller coaster: a. Issue $10 million of 6% bonds at face amount. b. Issue one million shares of common stock for $10 per share. Assuming bonds or shares of stock are issued at the beginning of the year, complete the income statement listed below for each alternative. (Enter your answers in dollars, not in millions. Amounts to be deducted should be indicated with a minus sign.) Issue Bonds Issue Stock $ 5,000,000 $ 5,000,000 Operating income Interest expense (bonds only) Income before tax Income tax expense (30%) Net income # of shares 3,000,000 4,000,000 Earnings per share (Net income/# of shares) Which alternative results in the highest earnings per share? Issue Bonds Issue Stock