Accounting, Sheridan Company is considering these two alternatives for financing the purchase of a fleet of airplanes shares of common stock at $47 per share. (Cash dividends have not been paid nor is the payment o of any contemplated.) 2. tssue 13%, 10-year bonds at taco value for S2,538,000. s a resuit or this purchase The company has an estimated tax rate of 40% and has 93,500 shares ar common stock Determine the effect on net income and decimal places, e.g. s2.66.) eamings per share for issuing stock and issuing bonds. Assume the new shares or new bonds will be outstanding for the entire year. (Round earnings per share to 2 for is Plan One Plan Twe Click if you would like to Show Work for this questions Open S