During 2023, Blue Spruce incurred production salary and wage costs of $697,300, consumed raw materials and other production 5upplies of $478,170, and had an increase in work-in-process and finished goods inventories of $113,700. The Retained Earnings account had a balance of $286,000 at June 30,2023 , before closing. There are 180,000 common shares outstanding, Blue Spruce has elected to adopt IFRS. (Hint: Production payroll and materials costs reduced by the increase in ending work-in-process and finished goods inventories - the cost of goods sold.) Prepare an income statement for the year ended June 30,2023 , using the single-step format and showing expenses by nature. (Round per share answer to 2 decimal places, e.g. 52.74.)