velue: 2.50 points Exercise 9-1 Part 1 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 answers in dollars Earnings per Share" to 2 decimal places.) each altermative. (Enter your answers in dollars not in millions, Round Operating income Interest expense (bonds only) Income before ta Income tax expense (35%) Net income Number of shares Eamings per share $ 10,400,000 10,400,000 Required Information Exercise 9-1 Compare financing alternatives LO1) The following Information applies to the questions displayed below 3,400,000 4,400,000 Penny Arcades, Ine, is trying to decide between the blowing two ahemanes ew $29 milion gaming center finance issue $29 millon of 7% bonds at face amont s issue t mition sheres of common shocxk tor $29 per shene