Cullumber Inc. is considering two alternatives to finance its construction of a new $1.90 million plant. (a) Issuance of 190,000 shares of common stock at the market price of $10 per share. (b) Issuance of $1,900,000, 6% bonds at face value. Complete the following table. (Round eamings per share to 2 decimal places, e.g. 0.25.) Issue Stock Issue Bond Income before interest and taxes Interest expense from bonds $780,000 $780,000 Income before income taxes 780000 Income tax expense (30%) Net Income Outstanding shares 590,000 Earnings per share Indicate which alternative is preferable. Net income is Wighet i stock is used. However, earnings per share is because of the additional shares of stock that are outstanding lower than earnings per share if bonds are used e Texthani ni