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Issue 10% bonds (at face value) $1,680,000 $840,000 Issue preferred $1 stock, $10 par 1,390,000 Issue common stock, $5 par 1,680,000 1,130,000 Income tax is
Issue 10% bonds (at face value) $1,680,000 $840,000 Issue preferred $1 stock, $10 par 1,390,000 Issue common stock, $5 par 1,680,000 1,130,000 Income tax is estimated at 40% of income. Determine the earnings per share on common stock, assuming income before bond interest and income tax is $1,008,000. Enter answers in dollars and cents, rounding to the nearest cent. Plan 1 $ Earnings per share on common stock Plan 2 $ Earnings per share on common stock
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