Required information [The following information applies to the questions displayed below.] Penny Arcades, Inc., is trying to decide between the following two alternatives to finance its new $21 million gaming center: a. Issue $21 million, 5% note. b. Issue 1 million shares of common stock for $21 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 (40%) Net income Issue Note Issue Stock $ 9,600,000 $ 9,600,000 Number of shares 2,600,000) 3,600,000 Earnings per share (Net income / # of shares)