The following account balances were included in the trial balance of Sarasota Corporation at June 30, 2023: $1,839,650 Telephone and Internet expense (office) 1,061,770 Salaries and wages (office) Supplies expense (sales) Repairs and maintenance expense (office) Sales revenue Cost of goods sold Salaries and wages expense (sales) Sales commission expense Advertising expense (sales) Freight out Entertainment expense (sales) Telephone and internet expense (sales) Depreciation of sales equipment Repairs and maintenance expense (sales) Miscellaneous expenses (sales) Supplies expense (office) Depreciation expense on office furniture and equipment 53,260 99,000 29,130 21,700 15,320 9,230 5,880 7,100 5,415 3,550 8,250 Depreciation understatement due to error-2021 (net of tax of $3,300) Miscellaneous expense (office) Dividend revenue Interest expense Income tax expense Dividends declared on preferred shares Dividends declared on common shares $3,620 7,920 5,050 9.430 18.400 6,500 39,500 18,500 134,200 10,005 33,300 During 2023, Sarasota incurred production salary and wage costs of $698,300, consumed raw materials and other production supplies of $477,670, and had an increase in work-in-process and finished goods inventories of $114,200. The Retained Earnings account had a balance of $278,000 at June 30, 2023, before closing. There are 180,000 common shares outstanding. Sarasota 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)