Ch. 14 HW exercises CengageNOWv2 Online teaching and learning resource from Cengag eBook Show Me How Calculator Effect of Financing on Earnings per Share Henriksen Co., which produces and sells biking equipment, is financed as follows: Bonds payable, 10% (issued at face amount) $750,000 Preferred $2 stock, $20 par 750,000 Common stock, $25 par 750,000 Income tax is estimated at 40% of income. Determine the earnings per share of common stock, assuming that the income before bond interest and income tax is (a) $300,000, (b) $375,000, and (c) $450,000 Enter answers in dollars and cents, rounding to two decimal places. a. Earnings per share on common stock b. Earnings per share on common stock c. Earnings per share on common stock