6 Seattle Adventures, Incorporated, is trying to decide between the following two alternatives to finance its now $17 milion gaming center: a. Issue $17 million, 6% note. b. Issue 1 million shares of common stock for $17 per share with expected annual dividends of $102 per share. 15 points Required: 1. Assuming the note or shares of stock are issued at the beginning of the year, complete the income statement for each alternative. 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 stock? (c) Which alternative results in higher earnings per share? Geock References Complete this question by entering your answers in the tabs below. Required 1 Required? Assuming the note or shares of stock are issued at the beginning of the year complete the income statement for each alternative. (Enter your answers in dollars, not millions (5.5 million should be entered as 5,500,000). Round your Earnings per Share to 2 decimal places Issue Note $9.200.000 Issue Stock 9.200,000 Operating income Interest expense con not only Income before tax Income tax expense (30%) Net income Number of shares Famnings per share (Net Income / Number of shares) 2,200,000 3.200,000 6 Seattle Adventures, Incorporated, is trying to decide between the following two alternatives to finance its new $17 million gaming center a. Issue $17 million, 6% note. b. Issue 1 million shares of common stock for $17 per share with expected annual dividends of $102 per share, 15 points Required: 1. Assuming the note or shores of stock are issued at the beginning of the year, complete the income statement for each alternative. 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 stock? (c) Which alternative results in higher earnings per share? eBook References Complete this question by entering your answers in the tabs below. Required 1 Required 2 Answer the following questions for the current year: (0) By how much are interest payments higher if issuing the note? (b) By how much are dividend payments higher by issuing stock? (c) which alternative results in higher earnings per share? (enter your answers in dollars, not millions (le, $5.5 million should be entered as 5,500,000).) Show less a. By how much are interest payments higher if suing the note? b. By how much are dividend payments higher by issuing stock? c. Which temative results in higher earnings per share?