The following account balances were included in the trial balance of Whispering Winds Corporation at June 30, 2020: $2.920 Sales revenue $ 1,843,450 Telephone and Internet expense (office) 8.020 1.051.770 5.750 53.260 Cost of goods sold Salaries and wages expense (sales) Sales commission expense 9.530 98.400 18,500 Advertising expense (sales) 29,230 22.100 6,600 Salaries and wages (office) Supplies expense (sales) Repairs and maintenance expense (office) Depreciation understatement due to error-2018 (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 39 200 15,420 9,630 19.800 4.980 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 135.000 7,000 9.565 5.715 33.900 4.150 7.250 During 2020, Whispering Winds incurred production salary and wage costs of S 689,400.consumed raw materials and other production supplies of S 476,170, and had an increase in work-in-process and finished goods inventories of S 113,800. The Retained Earnings account had a balance of $ 291,000 at June 30, 2020, before closing. There are 180,000 common shares outstanding Assume Whispering Winds 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, 2020, using the multiple-step format and showing expenses by function. (List Selling Expenses before Administrative Expenses. Round per share answer to 2 decimal places, es. 52.74.) Whispering Winds Corporation Income Statement Prepare an income statement for the year ended June 30, 2020, using the multiple-step format and showing expenses by function. (List Selling Expenses before Administrative Expenses. Round per share answer to 2 decimal places, eg. 52.74) Whispering Winds Corporation Income Statement $ C > > V