Kingbird, Inc. is considering these two alternatives to finance its construction of a new $2.20 million plant: There currently are 820,000 number of shares of common stock outstanding. 1. Issuance of 220,000 shares of common stock at the market price of $10 per share. 2. Issuance of $2.20 million, 5% bonds at face value. $1,720,000 Complete the table. (Round earnings per share to 2 decimal places, eg. $2.66.) Issue Bonds Issue Stock Income before interest and taxes $1,720,000 Interest expense from bonds Income before income taxes 1720000 Income tax expense (30%) Net income Outstanding shares Earnings per share 14 1040000 S S 110000 i 1610000 820000