I need all 3 answers for the following attached file please.

What is the balance sheet impact of the $400 million Netflix just borrowed? In February 2014, Netflix took out a $400 million loan. Netflix is using these funds to help to create original programming, such as its hit series \"House of Cards,\" and to expand to Europe. Netflix is a publicly-held company trading on NASDAQ under the symbol NFLX. On March 10, 2014, Netflix common stock was selling for about $438.38 per share. As of December 31, 2012, Netflix had more than 55,587,000 shares of common stock outstanding. Questions 1. What is the impact on Netflix's accounting equation from borrowing the $400 million? 2. Rather than borrowing the $400 million, Netflix could have issued common stock. Using the market price given in the article, how many shares of common stock would Netflix had to have issued to realize $400 million (ignore underwriting and broker fees)? 3. What are some possible reasons that Netflix chose to borrow the $400 million rather than issue stock? Page 1, Copyright 2014 by Dr. Wendy Tietz, http://accountingintheheadlines.com/ This work is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License