Required: 1. Assuming the note or shares of stock are issued at the beginning of the year, complete the income statement for each (Enter your answers in dollars, not millions. (i.e., $5.5 million should be entered as 5,500,000). Round your "Earnings to 2 decimal places.) Issue Note Issue Stock 24 9,000,000 S 9,000,000 Operating income Interest expense (note only) Income before tax Income tax expense (40%) Net income 24 0 $ Number of shares 2,000,000 3,000,000 Earnings per share (Net income / # of shares)

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