Metlock, Inc. is considering these two alternatives to finance its construction of a new $1.27 million plant: 1. Issuance of 127,000 shares of common stock at the market price of $10 per share. 2. Issuance of $1.27 million, 5% bonds at face value. Complete the table. (Round earnings per share to 2 decimal places, e.g. $2.66.) Issue Stock Issue Bonds Income before interest and taxes $1,524,000 $1,524,000 Interest expense from bonds Income before income taxes Income tax expense (40%) Net income Outstanding shares 635,000 Earnings per share