8231.201927: Fall 2018 TTU-ACCT-3304/ HW 4-1 MA Problem 4-4 (Part Level Submission) The following account balances were induded in the trial balance of Whispering Corporation at June 30, 2017. $1,598,520 Depreciation expense (office furniture and equipment) $6,947 7,255 5,041 8,651 5,820 67,920 37,350 18,930 100,340 19,204 8,350 33,470 Sales discounts Cost of goods sold 32,200 Property tax expense 899,000 Bad debt expense (selling) 58,010 Maintenance and repairs expense (administration) 99,440 Office expense 38,800 Sales returns and allowances 22,470 Dividends received 15,020 Interest expense 9,160 Income tax expense 5,032 Depreciation understatement due to error-2014 (net of tax) 5,854 Dividends decdared on preferred stodk 4,696 Dividends declared on common stock 3,774 Sales commissions Travel expense ( Delivery expense Telephone and Internet expense (sales) Depreciation expense (sales equipment) us selling expenses Office supplies used Telephone and Internet expense (administration) 2,971 The Retained Earnings account had a balance of $310,730 at July 1, 2016. There are 84,600 shares of common stock outstanding. (a1) Using the form, prepare an income statement for the year ended June 30, 2017. (Round earnings per share to 2 decimal places, e.g. 1.4 WHISPERING CO TION