View Policies Current Attempt in Progress The board of directors of Blossom Corporation is considering two plans for financing the purchase of new plant equent Plan 1 would require the issuance of $5,500,000, 8% 20-year bonds at face value Plan #2 would require the bounce of 200,000 shares of $5 par value common stock that is selling for $25 per share on the open market tossom Corporation currently has 120,000 shares of common stock outstanding and the income tax rate is expected to be 30% Assume that income before interest and income ta expected to be $800,000 if the new factory equipment is purchased Prepare a schedule that shows the expected net income after taxes and the earnings per share on common stock under each of the plans that the board of directors is considering of answer is zero pinase enter do not leave any felds blank Round earnings per share to 2 decimal places a 5.25) eTextbook and Media 3 Plan Issue Bonds 300,000 Plan 2 Stock 100.000