Moby Inc. is considering two alternatives to finance its construction of a new $1.40million plant.

(a)	Issuance of140,000 shares of common stock at the market price of $10 per share.
(b)	Issuance of $1.40 million,8% bonds at face value.

Complete the following table.(Round earnings per share to 2 decimal places, e.g. 0.25.)

Issue Stock	Issue Bond
Income before interest and taxes	$793,300	$793,300
Interest expense from bonds
Income before income taxes
Income tax expense (35%)
Net income	$	$
Outstanding shares		653,300
Earnings per share	$	$