Prepare a condensed 2017 income statement for Whispering Corporation.

CALCULATOR MESSAGE MY INSTRUC TOR FULL SCREEN PF Exercise 4-11 The following are selected ledger accounts of Whispering Corporation at December 31, 2017. Cash Inventory Sales revenue Unearned sales revenue Purchases Sales discounts Purchase discounts Selling expenses Accounting and legal services Insurance expense (office) Advertising expense Delivery expense Depreciation expense (office equipment 50,750 Interest expense Depreciation expense (sales equipment) 38,750 Common stock ($10 par) $187,750 537,750 4,277,750 119,750 2,788,750 Salaries and wages expense (sales) Salaries and wages expense (office) Purchase returns Sales returns and allowances Freight-in $286,750 348,750 17,750 81,750 74,750 145,250 85,750 19,750 34,750 10,750 242,750 72,750 178,750 902,750 36,750 Accounts receivable 29,750 Sales commissions 71,750 Telephone and Internet expense (sales) 5,750 Utilities expense (office) 26,750 Miscellaneous office expenses 56,750 Rent revenue 95,750 Casualty loss (before tax) whispering's effective tax rate on all items is 34%, A physical inventory indicates that the ending inventory is $688,750 Prepare a condensed 2017 income statement for Whispering Corporation. (Round earnings per share to 2 decimal places, e