Rustic Campsites, Incorporated, is trying to decide between the following two altematives to finance its new $28 million gaming Center a. Issue 528 million, 6% no b. Issue 1 million shares of common stock for $28 per share with expected annual dividends of $168 per share. Required: 1. Assuming the noleur shares of stock are issued at the beginning of the year, complete the incurie statement for each alternative. 2. Answer the following questions for the current year (a) By how much are interest payments higher it issuing the note? (b) By how much are dividend payments higher by Issuing stock (c) Which alternative results in higher earnings per share? Complete this question hy entering your answers in the tabs below. Required 1 Required 2 Assuming the note or shares of stock are issued at the heginning of the year, complete the income statement for each alternative. (Enter your answers in dollars, not millions (1., 55.5 million should be entered as 5,500,000). Round your "Earnings per Share to 2 decimal places Operating Income Interest expense on not only) Income bloei Income tax expense (30%) Net Income Number of shares Earnings phare et income/Number of Issue Note Issue Stock S 10 300.000 $10.300.000 1 600,000 5 8620.000 5 10 300.000 2 686,000 3090,000 S 6034,000 $ 7210,000 S S 3300 pool 4300 DOO 'S 1.837 1.68 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Answer the following questions for the current year: (a) By how much are interest payments higher if issuing the note? (b) By how much are dividend payments higher by issuing stack? (c) which alternative results in higher earnings per share? (Finster your answers in dollars, not millions (... 55.5 million should be entered as 5,500,000).) Show less a. By how much are interest payments higher if issuing the note? b by how much are dividend payments higher by suling stock? c Which Aternative results in higher Arenings par share? ?