Skysong, Inc. is considering these two alternatives to finance its construction of a new $1.20 million plant: 1. Issuance of 120,000 shares of common stock at the market price of $10 per share. 2. Issuance of $1.20 million, 6% bonds at face value. Complete the table. (Round earnings per share to 2 decimal places, e.g. $2.66.) Issue Stock Issue Bonds $1,573,000 $1,573.000 Income before interest and taxes Interest expense from bonds Income before income taxes Income tax expense (30%) Net income Outstanding shares 790,000 Earnings per share eTextbook and Media Indicate which alternative is preferable. * is preferable. eTextbook and Media