Current Attempt in Progress The following account balances were included in the trial balance of Wildhorse Corporation at June 30, 2022. Sales Revenue $1,800,000 Depreciation Expense (office furniture and equipment) Sales Discounts 35,120 Property Tax Expense Cost of Goods Sold 1,021,720 Bad Debt Expense (selling) Salaries and Wages Expense (sales) 63,710 Maintenance and Repairs Expense (administration) Sales Commissions 112,080 Office Expenses Travel Expense (salespersons) 33,340 Sales Returns and Allowances Delivery Expense 23,920 Dividend Revenue Entertainment Expense 16,960 Interest Expense Telephone and Internet expense (sales) 10,620 Income Tax Expense Depreciation Expense (sales equipment) 2,090 Depreciation Understatement due to Error-2020 (net of tax) Maintenance and Repairs Expense (sales) 6.660 Dividends (declared on preference shares) Miscellaneous Selling Expenses 5,470 Dividends (declared on ordinary shares) Supplies Expense 4,460 Telephone and Internet Expense (administration) 3,960 The Retained Earnings account had a balance of $383,500 at July 1, 2021. There are 91,200 ordinary shares outstanding. (a1) Prepare an income statement for the year ended June 30, 2022. (Round earnings per share to 2 decimal places, e.g. 1.48.) WILDHORSE CORPORATION Income Statement $ $ > > a > > ( > ( > > > ~ - > 1 ~ ( Current Attempt in Progress The following account balances were included in the trial balance of Wildhorse Corporation at June 30, 2022. Sales Revenue $1,800,000 Depreciation Expense (office furniture and equipment) Sales Discounts 35,120 Property Tax Expense Cost of Goods Sold 1,021,720 Bad Debt Expense (selling) Salaries and Wages Expense (sales) 63,710 Maintenance and Repairs Expense (administration) Sales Commissions 112,080 Office Expenses Travel Expense (salespersons) 33,340 Sales Returns and Allowances Delivery Expense 23,920 Dividend Revenue Entertainment Expense 16,960 Interest Expense Telephone and Internet expense (sales) 10,620 Income Tax Expense Depreciation Expense (sales equipment) 2,090 Depreciation Understatement due to Error-2020 (net of tax) Maintenance and Repairs Expense (sales) 6.660 Dividends (declared on preference shares) Miscellaneous Selling Expenses 5,470 Dividends (declared on ordinary shares) Supplies Expense 4,460 Telephone and Internet Expense (administration) 3,960 The Retained Earnings account had a balance of $383,500 at July 1, 2021. There are 91,200 ordinary shares outstanding. (a1) Prepare an income statement for the year ended June 30, 2022. (Round earnings per share to 2 decimal places, e.g. 1.48.) WILDHORSE CORPORATION Income Statement $ $ > > a > > ( > ( > > > ~ - > 1 ~ (