Brief Exercise 11-13 Larkspur, Inc. is considering these two alternatives to finance its construction of a new $1.90 million plant: Issuance of 190,000 shares of common stock at the market price of $10 per share. Issuance of $1.90 million, 5% bonds at face value. 2. Complete the table. (Round earnings per share to 2 decimal places, eg. $2.66.) Income before interest and taxes Issue Stock $1,596,000 Issue Bonds $1,596,000 Interest expense from bonds Income before income taxes Income tax expense (30%) Net income $ Outstanding shares 790,000 Earnings per share $ Indicate which alternative is preferable, is preferable. Click if you would like to Show Work for this question: Open Show Work Quest