How do I get earnings per share

Brief Exercise 15-9 Moby Inc. is considering two alternatives to finance its construction of a new $1.60 million plant. (a) Issuance of 160,000 shares of common stock at the market price of $10 per share. (b) Issuance of $1,600,000, 8 % bonds at face value. Complete the following table. (Round earnings per share to 2 decimal places, e.g. 0.25.) Issue Stock Issue Bond $730,000 $730,000 Income before interest and taxes Interest expense from bonds 128000 Income before income taxes 730000 602000 Income tax expense (30 %) 219000 180600 511000 421400 Net income $ Outstanding shares 570,000 730000 Earnings per share $ Indicate which alternative is preferable