Using the data from E8-4, indicate the effects on net assets and earnings per share (EPS) of

Question:

Using the data from E8-4, indicate the effects on net assets and earnings per share (EPS) of each of the following:
1. Issuing the notes payable.
2. Payment of the note at maturity, including interest.
Data from E8-4
A business issued a 90-day, 7% note for $30,000 to a creditor on account.