Brief Exercise 11-11 (Part Level Submission) Teal Mountaln Inc.currently has 690,000 shares of common stock outstanding. Teal Mountaln Inc. Is consldering these two alternatlves to finance Its constructlon of a new $1.55 milon plant: Issuance of 155,000 shares of common stock at the market price of $10 per share Issuance of $1.55 million, 5% bonds at face value. 1. Complete the table. (Round earnings per share to 2 decimal places, e.g. $2.66.) Issue Stock Issue Bonds $1,590,000 $1,590,000 Income before interest and taxes Interest expense from bonds Income before income taxes Income tax expense (35%) Net income Outstanding shares 690,000 Earnings per share