Current Attempt in Progress Kingbird, Inc. is considering these two alternatives to finance its construction of a new $1.00 million plant: 1. Issuance of 100,000 shares of common stock at the market price of $10 per share. 2. Issuance of $1.00 million, 6% bonds at face value. Complete the table. (Round earnings per share to 2 decimal places, e.g. $2.66.) Issue Stock Issue Bonds Income before interest and taxes $1,599,000 $1,599,000 Interest expense from bonds Income before income taxes Income tax expense (30%) Net income Outstanding shares 810,000 Earnings per share e Textbook and Media Indicate which alternative is preferable. is preferable. Issuance of stock Issuance of bonds dia