Seattle Adventures, Incorporated, is trying to decide between the following two alternatives to finance its new $$17$ million gaming

center:

a$.$ Issue $$17$ million, $6\%$ note.

b$.$ Issue $1$ million shares of common stock for $$17$ 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.

Which alternative results in the higher earnings per share?

Complete this question by entering your answers in the tabs below.

Assuming the note or shares of stock are issued at the beginning of the year, complete the income statement for each

alternative.

Note: Enter your answers in dollars, not millions $($i$.$e$.,$ $$5\mathrm{.}5$ million should be entered as $5,500,000).$ Round your "Earnings per

Share" to $2$ decimal places.