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1. Issuance of 200,000 shares of common stock at the market price of $10 per share. 2. Issuance of $2.00 million, 6% bonds at face

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1. Issuance of 200,000 shares of common stock at the market price of $10 per share. 2. Issuance of $2.00 million, 6% bonds at face value. Complete the table. (Round earnings per share to 2 decimal places, e.g. $2.66.) Issue Stock Issue Bonds Income before interest and taxes $1,500,000 $1,500,000 Interest expense from bonds Income before income taxes Income tax expense (30%) Net income Outstanding shares 700,000 $ Earnings per share

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