Brief Exercise 15-10 Crane Inc. Iis considering two alternatives to finance its construction of a new $1.20 million plant (a) Issuance of 120,000 shares of common stock at the market price of $10 per share. (b) Issuance of $1,200,000, 8% bonds at face value. Complete the following table. (Round carnings per share to 2 decimal places, e.g. 0.25.) Issue Stock Issue Bond Income before interest and taxes Interest expense Income before income taxes Income tax expense (3S%) Net income $670,000$670,000 | Outstanding shares Earnings per share Indicate which alternative is preferable 550,000 Net income is : han earrings per share if bonds are used because of the additional shares of stock that are outstanding