Suomi 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 $28 million gaming center: a. Issue $28 million of 6% bonds at face amount. b. Issue 1 million shares of common stock for $28 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. (.e., $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.) ces Issue Bonds Issue Stock $ 10,300,000 $10,300,000 Operating income Interest expense (bonds only) Income before tax Income tax expense (30%) Net income Number of shares Earnings per share 3,300,000 4,300,000