The following account balances were included in the trial balance of Swifty Corporation at June 30, 2023: Sales revenue $1,839,050 Telephone and Internet expense (office) $3,720 Cost of goods sold 1,061,770 Salaries and wages (office) 7,320 Salaries and wages expense (sales) 55,260 Supplies expense (sales) 5,850 Sales commission expense 99,400 Repairs and maintenance expense (office) 9,530 Depreciation understatement due to error-2021 Advertising expense (sales) 29,730 17,800 (net of tax of $3,300) Freight out 22,300 Miscellaneous expense (office) 7,100 Entertainment expense (sales) 15,320 Dividend revenue 39,500 Telephone and internet expense (sales) 9,030 Interest expense 19,200 Depreciation of sales equipment 5,180 Income tax expense 133,600 Repairs and maintenance expense (sales) 7,200 Dividends declared on preferred shares 11,085 Miscellaneous expenses (sales) 5,015 Dividends declared on common shares 33,600 Supplies expense (office) 3,550 Depreciation expense on office furniture 7,750 and equipment During 2023, Swifty incurred production salary and wage costs of $699,900, consumed raw materials and other production supplies of $476,170, and had an increase in work-in-process and finished goods inventories of $114,300. The Retained Earnings account had a balance of $273,000 at June 30, 2023, before closing. There are 180,000 common shares outstanding. Swifty 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 multiple-step format and showing expenses by function. (List Selling Expenses before Administrative Expenses. Round per share answer to 2 decimal places, e.g. 52.74.) Swifty Corporation Income Statement For the Year Ended June 30, 2023 15 183905