Problem 23-1A Analysis of income effects of additional business LO A1 Jones Productsmanufactures and sells to wholesalers approximately 300,000 packages per year of underwater markers at $3.94 per package. Annual costs for the production and sale of this quantity are shown in the table Direct materials Directlabor Overhead Selling expenses Administrative expenses S 384,000 96,000 288,000 120,000 80,000 Total costs and expenses $ 968,000 A new wholesaler has offered to buy 50,000 packages for $3.45 each. These markers would be marketed under the wholesaler's name and would not affect Jones Products' sales through its normal channels. A study of the costs of this additional business reveals the following " Direct materials costs are 100% variable Per unit direct labor costs for the additional units would be 50% higher than normal because their production would require overtime pay at 112 tmes the usual labor rate 20% of the normal annual overhead costs are fixed at any production level from 250,000 to 400,000 units. The remaining 80% of the annual overhead cost is variable with volume . Accepting the new business would involve no additional selling expenses . Accepting the new business would increase administrative expenses by a $2,000 fxed amount Required: Complete the three-column comparative income statement that shows the following (Round your intermediate calculations and per unit cost answers to 3 decimals) 1. Annual operating income wi thout the special order 2.Annual operating income received from the new business only 3.Combined annual operating income from normal business and the new business