odule 2, Part 2: Chapter 08 Exercis Effect of Financing on Earnings Per Share BSF Co., which produces and sells skiing equipment, is financed as follows: Bonds payable, 10% (issued at face amount) $2,350,000 Preferred 2% stock, $20 par 2,350,000 Common stock, $25 par 2,350,000 Income tax is estimated at 60% of income. Round your answers to the nearest cent. a. Determine the earnings per share of common stock, assuming that the income before bond interest and income tax is $963,500. S 2.60 per share b. Determine the earnings per share of common stock, assuming that the income before bond interest and income tax is $1,198,500. $ 350,000 X per share c. Determine the earnings per share of common stock, assuming that the income before bond interest and income tax is $1,433,500. 94,000 X per share