Jasper Company provided the following information for last year. Costs Sales in units Selling price Direct materials Amount 300,000 $18 $179.000 5495,000 $110,000 $435.000 $864.000 Direct labor Manufacturing overhead Selling expense I Administrative expense Last year, beginning and ending inventories of work in process and finished goods equaled zero Rende Last year, beginning and ending inventories of work in process and finished goods equaled zero. Required 1. Prepare an income statement for Jasper for last year Calculate the percentage of sales for each line item on the income statement Round percentages to the nearest tenth of a percent 2 CONCEPTUAL CONNECTION Briefly explain how a manager could use the income statement created for Requirement to better control costs