Alternative Financing Plans Desmond Co. is considering the following alternative financing plans: Income tax is estimated at 40% of income. Determine the earnings per share of common stock, assuming that income before bond interest and income tax is $528,000. Enter answers in dollars and cents, rounding to two decimal places. Plan 1 X Earnings per share on common stock Plan 2 Earnings per share on common stock Feedback Check My Work Set up a column for each plan. Remember to take interest, income tax and dividends into consideration