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) $800,000 Preferred 2% stock, $20 par 800,000 Common stock, $25 par 800,000 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 $368,000. 42.5 X per share b. Determine the earnings per share of common stock, assuming that the income before bond interest and income tax is $448,000. 45.8 X per share c. Determine the earnings per share of common stock, assuming that the income before bond interest and income tax is $528,000. X per share.