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Marin 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

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Marin 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. Issuance of $1.20 million, 6% bonds at face value. 2 Complete the table. (Round earnings per share to 2 decimal places, es $2.66.) Issue Stock $1,656,000 Issue Bonds $1,656,000 Income before interest and taxes Interest expense from bonds Income before income taxes Income tax expense (30%) Net income 720,000 Outstanding shares $ Earnings per share

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