Sorenson CO.is considering the following alternative plans for financing the company

attps://2.cengagenow.co Calculator Sorenson Co. is considering the following alternative plans for financing the company: Plan 1 Plan 2 Issue 10% bonds (at face) Issue $10 par common stock $20,000 $10,000 $30,000 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 $9,000. Round your answers to two decimal places. Earnings Per Common Share Plan 1 Plan 2