Effect of Financing on Earnings per Share Domanico Co., which produces and sells biking equipment, is financed as follows: Bonds payable, 10% (issued at face amount) $1,600,000 Preferred $1 stock, $10 par 1,600,000 Common stock, $25 par 1,600,000 Income tax is estimated at 40% of income. Determine the earnings per share on common stock, assuming that the income before bond interest and income tax is (a) $656,000, (b) $816,000, and (c) $976,000. Enter answers in dollars and cents, rounding to two decimal places. a. Earnings per share on common stock $ b. Earnings per share on common stock $ C. Earnings per share on common stocks