Brief Exercise 11-11 Sage Hill Inc.currently has 640,000 shares of common stock outstanding. Sage Hill Inc. is considering these two alternatives to finance its construction of a new $1.30 million plant: Issuance of 130,000 shares of common stock at the market price of $10 per share. 1. Issuance of $1.30 million, 8 % bonds at face value. 2. Complete the table. (Round earnings per share to 2 decimal places, e.g. $2.66.) Issue Stock Issue Bonds Income before interest and taxes $1,540,000 $1,540,000 Interest expense from bonds Income before income taxes ere to search 2 PM 12/2/2019 ncome before interest and taxes $1,540,000 $1,540,000 nterest expense from bonds Income before income taxes Income tax expense (40 %) Net income Outstanding shares 640,000 Earnings per share LINK TO TEXT INTERACTIVE TUTORIAL e to search t 144 LL & 3 5 6 7 96 dicate which alternative is preferable. is preferable. Issuance of stock e to Show Work for this question: Open Show Work Issuance of bonds LINK TO TEXT INTERACTIVE TUTORIAL