Instructions Jasper Company provided the following information for last year: Costs Amount Sales in units 340,000 Selling price $14 Direct materials $176,000 Direct labor $498,000 Manufacturing overhead $110,000 $428,000 Selling expense Administrative expense $863,000 Last year, beginning and ending inventories of work in process and finished goods equaled zero. Required: 1. Calculate the sales revenue for last year. 2. Prepare an income statement for Jasper for last year