How to save just the audio from a captured video clip as a .wav file in Studio?

Here are the steps to create a .WAV file from a captured video clip.

1. Drag the desired clip(s) into the timeline area.
2. Go to the Make Movie mode.
3. Select AVI and then click the Settings button.
4. In the Video settings section, uncheck the ‘Include video in AVI file’ box.
5. Make certain that the ‘Include audio in AVI file’ box is still checked.
6. Click OK.
7. Click Create AVI file.
8. The box that allows you to name the file will pop up.
9. Enter a name with a ‘wav’ extension (e.g. MyFile.wav) into the ‘File Name’ field.
10. Now click OK and the audio will be rendered as a .wav file.