NEXT ES Brief Exercise 11-11 (Part Level Submission) milion plant: 1. Issuance of 165,000 shares of common stock at the market price of $10 per share stock outstanding. Kingbird, Inc. is considering these two alternatives to finance its construction of a new $1.65 2. Issuance of $1.65 million, 6% bonds at face value. (a) Complete the table. (Round earnings per share to 2 decimal places, e.g. $2.66.) Issue Stock Issue Bonds $1,610,000 Income before interest and taxes Interest expense from bonds Income before income taxes Income tax expense (30%) $1,610,000 Net income 710,000 Outstanding shares Earnings per share 9