On June 1. Teal Mountain Inc. Issues 1.900 shares of no-par common stock at a cash price of $9 per share. Journalize the issuance of the shares. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit June 1 Teal Mountain Inc. is considering these two alternatives to finance its construction of a new $2.10 milion plant Issuance of 210.000 shares of common stock at the market price of $10 per share. Issuance of $2.10 million, 7% bonds at face value. 1. 2. Complete the table. (Round earnings per share to 2 decimal places, e.g. $2.66.) Issue Stock $1,700,000 Issue Bonds $1,700,000 Income before interest and taxes Interest expense from bonds Income before income taxes Income tax expense (40%) Net income $ Outstanding shares 800,000 Earnings per share $ Outstanding shares 800,000 Earnings per share $ $ eTextbook and Media Indicate which alternative is preferable, is preferable