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Seattle Adventures, Incorporated, is trying to decide between the following two alternatives to finance its new $33 million gaming center: a. Issue $33 million, 5%

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Seattle Adventures, Incorporated, is trying to decide between the following two alternatives to finance its new $33 million gaming center: a. Issue $33 million, 5% note. b. Issue 1 miltion shares of common stock for $33 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. 2. 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 staternent for each alternative. Note: Enter your answers in dollars, not millions (1.e., $5.5 million should be entered as 5,500,000). Round your "Earnings per Share" to 2 decimal places. Complete this question by entering your answers in the tabs below. Which altemative results in the higher earnings per share

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