Determine the impact on earnings per share caused by each expansion plan option NOTES TO THE FINANCIAL STATEMENTS-Prepare in a Word document-see the rubric for final project A. Compose appropriate footnotes within a statement of comprehensive income in accordance with applicable accounting standards, such as GAAP, International Financial Reporting Standards, and SEC, as applicable. MANAGEMENT BRIEF-Prepare in a Word document-see the rubric for final project 1. Evaluate the company's current performance based on the outcomes of relevant ratio analysis. J. Discuss types of accounting changes encountered and when retrospective and prospective approaches should be used. K. Predict the impact of new credit policies or a change in product or markets based on relevant ratio analysis. L. Discuss relevant accounting standards for informing the company's financial reporting strategies. M. Explain how the four-step process was used for effectively correcting and reporting errors in the revision process. FINANCIAL INFORMATION FOR THIS MILESTONE Stockholder Equity/Earnings per share Peyton Approved prides itself on transparency with shareholders and investors. The company has added two storefront locations and launched a new marketing campaign, which is estimated to bring in 20.000 new customers over the next 6 months. The company expects this expansion will require an additional $1,000,000 of capital and generate an additional $600,000 of after-ta arofit. The options are: 1) Issuing an additional $1,000,000 of 10%, 100-par convertible preferred stock (same class as is currently outstanding) 2) Issue an additional $1,000,000 of 8% convertible bonds (same terms as the existing issue) 3) $500,000 each of preferred stock and bonds Other Items On December 31, 20XX, the company repaired a packaging machine at cost of $27,000.00. It is expected that the repair will extend the life of the machine by four years. No depreciation is necessary this year. The company spent $50,000 to obtain and defend a patent for its formula for dog treats. The patent took effect on 1/1/20XX and provides 20 years of protection. The $50,000 amount was incorrectly charged to Misc. Expense