Oriole Inc. is considering two alternatives to finance its construction of a new $1.80 million plant. (a) (b) Issuance of 180,000 shares of common stock at the market price of $10 per share. Issuance of $1,800,000, 6% bonds at face value. Complete the following table. (Round earnings per share to 2 decimal places, e.g. 0.25.) Issue Stock Income before interest and taxes $700,000 Interest expense from bonds Income before income taxes Income tax expense (30%) Net income $ Outstanding shares Earnings per share Indicate which alternative is preferable. Issue Bond $700,000 520,000 Net income is if stock is used. However, earnings per share is because of the additional shares of stock that are outstanding than earnings per share if bonds are used