Fugate Inc. is considering these two alternatives to finance its construction of a new $2,044,000 plant:

1.		Issuance of 204,400 shares of common stock at the market price of $10 per share.
2.		Issuance of $2,044,000, 6% bonds at face value.

Complete the table. (Round earnings per share to 2 decimal places, e.g. $2.66.)