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 $15 milion gaming center: a. Issue $15 million of 5% bonds at face amount b. Issue 1 million shares of common stock for $15 per share. Required: 1. Assuming bonds or shares of stock are issued at the beginning of the year, complete the income statement for each alternative. (Enter your answer in dollars, not millions (ie. $5.5 million should be entered as 5,500,000). Round your "Earnings per Share to 2 decimal places. Round your "Earnings per Share" to 2 decimal places.) ances Issue Bonds Issue Stock $ 9,000,000 $ 9,000,000 Operating income Interest expense (bonds only) Income before tax Income tax expense (40%) Net income Number of shares Earnings per share $ 0$ 2,000,000 3.000.000