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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

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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 $25 million gaming center: a. Issue $25 million, 6% note. b. Issue 1 million shares of common stock for $25 per share. Required: - 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. (l.e., \$5.5 million should be entered as 5,500,000). Round your "Earnings per Shore - 2 decimal places.)

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