Sorenson Co. is considering the following alternative plans for financing the company: Plan 1 Plan 2 Issue 10% bonds (at face) $600,000 Issue $10 par common stock $900,000 $300,000 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 $225,000. Round your answers to two decimal places. Earnings Per Common Share Plan 1 Plan 2