Sorenson Co. is considering the following alternative plans for financing the company: Issue 10% bonds (at face) Plan 1 Plan 2 $40,000 $60,000 $20,000 Issue $10 par common stock Income tax is estimated at 40% of income. Determine the earnings per share of common stock under the two alternative financing plans, assuming income before bond interest and income tax is $15,000. Round your answers to two decimal places. Earnings Per Common Share Plan 1 Plan 2