Effect of Financing on Earnings per Share Henriksen Co., which produces and sells biking equipment, is financed as follows: Bonds payable, 10 % (issued at face amount) Preferred $2 stock, $20 par $1,950,000 1,950,000 1,950,000 Common stock, $25 par Income tax is estimated at 40% of income. Determine the earnings per share of common stock, assuming that the income before bond interest and income tax is (a) $799,500, (b) $994,500, and (c) $1,189,500. Enter answers in dollars and cents, rounding to two decimal places. a. Earnings per share on common stock $ 4.65 X b. Earnings per share on common stock $ c. Earnings per share on common stock $ 6.15 X 7.65 X Feedback Check My Work Set up a column for each plan. Remember to take interest, income tax and dividends into consideration.