Prepare an income statement for the year ended June 30, 2023, using the multiple-step format showing expenses by function. (list selling expenses before administrative expenses. Round per share answer to 2 decimal places, e.g 52.74.)

The following account balances were included in the trial balance of Whispering Winds Corporation at June 30, 2023 : During 2023, Whispering Winds incurred production salary and wage costs of $689,400, consumed raw materials and other production supplies of $476,170, and had an increase in work-in-process and finished goods inventories of $113,800. The Retained Earnings account had a balance of $291,000 at June 30,2023 , before closing. There are 180,000 common shares outstanding. Whispering Winds has elected to adopt IFRS. (Hint: Production payroll and materials costs reduced by the increase in ending work-inprocess and finished goods inventories = the cost of goods sold.)