12. MC.14.70.ALGO 13. MC.14.78 Sorenson Co. is considering the following alternative plans for financing the company: Plan 1 Plan 2 Issue 10% bonds (at face) $40,000 14. MC.14.80 Issue $10 par common stock $60,000 $20,000 Income tax is estimated at 40% of income. 15. MC.14.81 16. MC.14.82 Determine the earnings per share of common stock under the two alternative financing plans, assuming income before bond interest and income tax is $15,000. Round your answers to two decimal places. Earnings Per Common Share 17. MC.14.83 Plan 1 18. MC.14.57 Plan 2 19. MC.14.59 20. MC.14.125 21. EX.14.147.ALGO