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ook Show Me How Calculator Print Item Alternative Financing Plans Frey Co. is considering the following alternative financing plans: Plan 2 Plan 1 $1,240,000 Issue 10% bonds (at face value) $620,000 Issue preferred $1 stock, $10 par 1,030,000 Issue common stock, $5 par 830,000 1,240,000 Income tax is estimated at 40% of income. Determine the earnings per share on common stock, assuming that income before bond interest and income tax is $372,000. Enter answers in dollars and cents, rounding to two decimal places. Earnings per share on common stock Plan 1 Earnings per share on common stock Plan 2 2 more Check My Work uses remaining Check My Work Calculator M How Print Item Issuing Bonds at a Discount On the first day of the fiscal year, a company issues a $5,600,000, 7 % , 4-year bond that pays semiannual interest of $196,000 ($5,600,000 x 7 % x % ) , receiving cash of $5,230,630. Journalize the bond issuance. If an amount box does not require an entry, leave it blank. Show Me How Print Item eBook Calculator Discount Amortization On the first day of the fiscal year, a company issues a $5,600,000, 9 % , 4- year bond that pays semiannual interest of $252,000 ($5,600,000 x 9 % x %), receiving cash of $5,419,030. Journalize the first interest payment and the amortization of the related bond discount. Round to the nearest dollar. If an amount box does not require an entry, leave it blank. EB Next Previous

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