Green Foods currently has $550,000 of equity and is planning an $220,000 expansion to meet increasing demand for its product. The company currently earns $110,000 in net income, and the expansion will yield $55,000 in additional income before any interest expense The company has three options (1) do not expand, (2) expand and issue $220,000 in debt that requires payments of 13% annual interest of (3) expand and raise $220,000 from equity financing For each option compute (aj net income and (b) return on equity (Net Income + Equity) Ignore any income tax effects. (Round "Return on equity" to 1 decimal place.) Don't Expand 2 Debt Financing Equity Financing Income before interest expense Interest expense Not income Equity Return on equiry Brussels Enterprises issues bonds at par dated January 1, 2021, that have a $3,200,000 par value, mature in four years, and pay 9% interest semiannually on June 30 and December 31 1. Record the entry for the issuance of bonds for cash on January 1 2. Record the entry for the first semiannual interest payment and the second semiannual interest payment 3. Record the entry for the maturity of the bonds on December 31, 2024 (assume semiannual interest is already recorded) View transaction list Journal entry worksheet