NUM Alternative Financing Plans Frey Co. is considering the following alternative financing plans: Plan 2 Issue 10% bonds (at face value) $800,000 $400,000 Issue preferred $1 stock, $10 par 660,000 540,000 Issue common stock, $5 par 800,000 Income tax is estimated at 40% of income. Determine the earnings per share on common stock, assuming that income before bond interest and income tax is $240,000. Enter answers in dollars and cents, rounding to two decimal places. Plan 1 Earnings per share on common stock Earnings per share on common stock Plan 2 Submit Answer Try Another Version Save and Exit You must finish your in-progress quiz take before you can Cengage Learning Centre Technical Support A LW No results Options Issuing Bonds at a Face Amount On January 1, the first day of the fiscal year, a company issues a $750,000, 10%, 10-year bond that pays semiannual interest of $37,500 ($750,000 x 10% x year), receiving cash of $750,000. (a) Journalize the entry to record the issuance of the bonds. (b) Journalize the entry to record the first interest payment on June 30. (c) Journalize the entry to record the payment of the principal on the maturity date. a You must is your is praestak before you c L Et