Check my work Penny Arcades, Inc., 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. Required: 1. 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. (i.e., $5.5 million should be entered as 5,500,000). Round your "Earnings per Share" to 2 decimal places.) Operating income Interest expense (note only) Income before tax Income tax expense (30%) Net income Number of shares Earnings per share (Net income / # of shares) Issue Note Issue Stock $ 9,200,000 $ 9.200,000 1,020,000 $ 8,180,000 2,454,000 $ 5,726,000 $ 0 2.200.000 3,200,000 $ 2.00