Brief Exercise 11-11 (Part Level Submission) lternatives to finance its construction of a new sins mion plant Larkspur, Inc.currently has 610,000 shares of common stock outstanding. Larkspur. Inc. is considering these two a 1. Issuance of 115,000 shares of common stock at the market price of $10 per share 2. issuance of $1.15 millon, 6% bonds at face value. Complete the table. (Round earnings per share to 2 decimal places eg $2.66.) Issue Stock Issue Bonds Income before interest and taxes Interest expense from bonds Income before income taxes Income tax expense (30%) Net income $1,510,000$1,510,000 Outstanding shares 610,000 Earnings per share