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) $1,850,000 Preferred $1 stock, $10 par 1,850,000 Common stock, $25 par 1,850,000 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) $629,000, (b) $814,000, and (c) $999,000. 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 stock

Eflect of Financing on Earnings per Share Hearikan Co, which produces and sells biking equipment, is financed as follows: Income tax is estimated at 40% of income. Detiermine the exminge ner there of commen stock, assuming that the income before bond interest and income tax is (a) $629,000,(b)$814,000, and (c) $999,000. Enter answers in dollars and cents, rounding to two decimal places. a. Farmings per share on common stock 1 b. Eernings per share on common stock s c. Earnings per share on common stock 1