MOLIC Current Attempt in Progress Marin Inc. is considering these two alternatives to finance its construction of a new $2.30 million plant: There currently are 840,000 number of shares of common stock outstanding. 1. Issuance of 230,000 shares of common stock at the market price of $10 per share. 2. Issuance of $2.30 million, 7% bonds at face value. Complete the table. (Round earnings per share to 2 decimal places, e.g. $2.66.) Issue Stock Income before interest and taxes $1,740,000 Interest expense from bonds Income before income taxes Income tax expense (30%) Net income Outstanding shares Earnings per share 6A $ BA 1740000 609.000 Issue Bonds $1,740,000 161000 1579000 552650 1,131,000 $ 1,026,350 1070000 $ 1.06 840000 I 1.22