eBook Show Me How Calculator Print Item Alternative Financing Plans Frey Co. is considering the following alternative financing plans: Plan 1 Plan 2 Issue 10% bonds (at face value) $1,600,000 $800,000 Issue preferred $1 stock, $10 par 1,330,000 Issue common stock, $5 par 1,600,000 1,070,000 Income tax is estimated at 40% of income. be Determine the earnings per share on common stock, assuming that income before bond interest and income tax is $480,000. Enter answers in dollars and cents, rounding to two decimal places. Plan 1 X Earnings per share on common stock F Plan 2 | X Earnings per share on common stock ER Check My Work Set up a column for each plan. Remember to take interest, income tax and dividends into consideration ht BRILLE FRED Assignment/Take AssignmentMain.do?invokeraassignments takeAssignmentSession locator assignment-takeinprogresse false eBook Show Me How Discount Amortization On the first day of the fiscal year, a company issues a $5,700,000,6%, 5-year bond that pays semiannual interest of $171.000 ($5.700.000 x 6916). receiving cash of $5.237.679 Journalize the first interest payment and the amortization of the related bond discount. Round to the nearest dollar. If an amount box does not require an entry leave it blank Interest Expense Discount on Bonds Payable