Jasper Company provided the following information for last year:

Costs

Amount

Sales in units 300,000

Selling price $18

Direct materials $179,000

Direct labor $495,000

Manufacturing overhead $110,000

Selling expense $435,000

Administrative expense $864,000

Last year, beginning and ending inventories of work in process and finished goods equaled zero.

Required:



Prepare an income statement for Jasper for last year.