Jasper Company provided the following information for last year:

Costs	Amount
Sales in units	280,000
Selling price	$12
Direct materials	$180,000
Direct labor	$505,000
Manufacturing overhead	$110,000
Selling expense	$437,000
Administrative expense	$854,000

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 1 to better control costs.

1. Prepare an income statement for Jasper for last year. Calculate the percentage of sales for each line item on the income statement. Refer to the list of Labels and Amount Descriptions for the exact wording of text items within your income statement. Be sure to complete the statement heading. Round percentages to the nearest tenth of a percent.

*Please tell me what to put in the red boxes.*

Income Statement Shaded cells have feedback. Points: 18.2/20 Feedback Check My Work Set revenue at 100% and every other line item as a percentage of sales