eBook Print Item Effect of Financing on Earnings Per Share BSF Co., which produces and sells skiing equipment, is financed as follows: Bonds payable, 10 % (issued at face amount) $2,000,000 Preferred 1% stock, $10 par 2,000,000 Common stock, $25 par 2,000,000 Income tax is estimated at 60% of income. Round your answers to the nearest cent. a. Determine the earnings per share of common stock, assuming that the income before bond interest and income tax is $780,000. per share b. Determine the earnings per share of common stock, assuming that the income before bond interest and income tax is $980,000. per share c. Determine the earnings per share of common stock, assuming that the income before bond interest and income tax is $1,180,000. per share