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Assuming bonds or shares of stock are issued at the beginning of the year, complete...

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Accounting

imageAssuming bonds or shares of stock are issued at the beginning of the year, complete the income statement for each alternative.

The folowing intomation applies to the questions displayed belowj Penny Arcades, Inc is trying to decide betweenthe following two altematives to finance its new $35 million gaming center a. Issue $35 million of7 bonds at face at b Issue 1 million shares of common stock for $35 per share. 3. value: 200 points 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 answe 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.) Bonds St Operating income 000,000 ,000,000 bonds only) Income before tax (35%) ncome Number of shares 4.000.000 5.000.000 Earnings per share

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