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Effect of Financing on Earnings per Share Domanico Co., which produces and sells biking equipment, is financed as follows: $2,350,000 Bonds payable, 10% (issued at

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Effect of Financing on Earnings per Share Domanico Co., which produces and sells biking equipment, is financed as follows: $2,350,000 Bonds payable, 10% (issued at face amount) Preferred $1 stock, $10 par Common stock, $25 par 2,350,000 2,350,000 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) $1,151,500, (b) $1,386,500, and (c) $1,621,500. 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 $ DOO c. Earnings per share on common stock $1

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