Effect of Financing on Earnings Per Share 40% of income. Round the answers to nearest cent. Instructions: 1. Determine for each plan the earnings per share of common stock, assuming that the income before bond interest and income tax is $1,100,000. 2. Determine for each plan the earnings per share of common stock, assuming that the income before bond interest and income tax is $715,000. 3. Complete the tables below regarding advantages and disadvantages of each plan. Plan 1 The advantage of Plan 1 is that The disadvantage is that its EPS is