(a) Issuance of 300,000 shares of common stock at the market price of $10 per share. (b) Issuance of $3 million, 7% bonds at face value. Complete the following table. (Round earnings per share to 2 decimal places, e.g. 0.25.) Issue Stock $700,000 Issue Bond $700,000 Income before interest and taxes Interest expense from bonds 210000 Income before income taxes X Income tax expense (35%) Net Income X Outstanding shares 400,000 Earnings per share Indicate which alternative is preferable. Net income is higher are outstanding. if stock is used. However, earnings per share is lower than earnings per