PRINTER VERSION 4 BACK Additional Brief Exercise 256 Layton Inc. is considering two alternatives to finance its construction of a new $5 million plant. (a) Issuance of 500,000 shares of common stock at the market price of $10 per share. (b) Issuance of $5 million, 9% bonds at par. Complete the following table. (If answer is zero please enter 0, do not leave any fields blank. Round earnings per Share to 2 decimal places, e.g. 5.25.) Issue Stock $2,000,000 Issue Bonds $2,000,000 Income before interest and taxes Interest expense from bonds Income before income taxes Income tax expense (30%) Net income Outstanding shares 700,000 Earnings per share