What steps should a pilot take when executing a go-around at NAS Whiting Field?

When executing a go-around at NAS Whiting Field, the appropriate steps a pilot should take include increasing power and managing the configuration of the aircraft by retracting landing gear and flaps as necessary. This is crucial because a go-around requires a safe climb away from the runway and establishing the aircraft in a stable flight condition. Entering the traffic pattern at a safe altitude ensures that the pilot is positioned correctly to manage subsequent approaches and maintain safety.

In contrast, reducing power and descending to land immediately is contrary to the go-around procedure, which is intended to avoid landing when it is unsafe to do so. Making a sharp turn away from the runway might lead to an uncontrolled or potentially dangerous situation, especially in a traffic-heavy environment like Whiting Field. Lastly, while announcing a go-around is important for communication, it doesn't encompass all necessary actions to ensure safety and a successful go-around maneuver. The steps outlined in the correct answer encapsulate comprehensive actions required to safely transition back into the traffic pattern.