Content Area Alternative Financing Plans Desmond Co. is considering the following alternative financing plans: Plan 1 Plan 2 Issue 10% bonds (at face value) $1,320,000 $660,000 Issue preferred $1 stock, $10 par 1,100,000 Issue common stock, $5 par 1,320,000 880,000 Income tax is estimated at 40% of income. Determine the earnings per share of common stock, assuming that income before bond interest and income tax is $924,000, Enter answers in dollars and cents, rounding to two decimal places. Plan 1 X Eamings per share on common stock Plan 21 Feedback Area Feedback Check My Work X Earnings per share on common stock Set up a column for each plan. Remember to take interest, income tax and dividends into consideration