Help Save & Ex Submit 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 of 5% bonds at face amount b. Issue 1 million shares of common stock for $30 per share. Required: 1. Assuming bonds or shares of stock are issued at the beginning of the year, complete the income statement for each alternative (Enter your answer in dollars, not millions. fl.e., $5.5 million should be entered as 5,500,000). Round your "Earnings per Share to 2 decimal places. Round your "Earnings per Share to 2 decimal places.) Issue Bands Issue Stock $ 10,500,000 $ 10,500,000 Operating income Interest expense (bonds only) Income before tax Income tax expense (40%) Net income Number of shares Earnings per share $ os 3.500.000 0 4,500,000