Jasper Company provided the following information for last year Costs Amount Sales in units 290,000 Selling price $13 Direct materials $150,000 Direct labor $504,000 $110,000 Manufacturing overhead Selling expense $437,000 Administrative expense $860,000 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