Source material is stereo, but rendered output is mono

I'm working on a short film and the sound designer gave me a soundtrack (WAV file) that is definitely stereo. I rendered it in Resolve using the default audio settings, and the rendered output is definitely mono. I don't know how to paste an image of these settings here, but I do have a screen grab of them and will be happy to share/paste.
What did I do wrong to render a stereo track as mono?
Thanks!
What did I do wrong to render a stereo track as mono?
Thanks!