Marin Inc. is considering these two alternatives to finance its construction of a new $1.20 million plant: 1. Issuance of 120,000 shares of common stock at the market price of $10 per share. 2. Issuance of $1.20 million, 8% bonds at face value. (a) Your answer is incorrect. Complete the table. (Round earnings per share to 2 decimal places, eg. $2.66.) Income before interest and taxes Interest expense from bonds Income before income taxes Income tax expense (35%) Net income Outstanding shares. Earnings per share Issue Stock $1,416,000 Issue Bonds $1,416,000 660,000