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) $1,960,000 Issue preferred $1 stock, $10 par Issue common stock, $5 par 1,960,000 Income tax is estimated at sake of income. $980,000 1,630,000 1,310,000 Determine the earnings per share on common stock, assuming that income before bond interest and income tax is $588,000. Enter answers in dollars and cents, rounding to two decimal places. Plan 1 Earnings per share on common stock Plan 2 Earnings per share on common stock