BE11.13 (LO 4), AP Emron Inc. is considering these two alternatives to finance its construction of a new $2 million plant: Compare bond financing to stock financing. 1. Issuance of 200,000 shares of common stock at the market price of $10 per share. 2. Issuance of $2 million, 6% bonds at face value. Complete the table and indicate which alternative is preferable. Income before interest and taxes Interest expense from bonds Income before income taxes Income tax expense (30%) Net income Outstanding shares Earnings per share Issue Stock Issue Bonds $1,500,000 $1,500,000 $ 700,000 $