Refer to the information for Jasper Company on the previous page.

Required:1. Calculate the sales revenue for last year.

2. Prepare an income statement for Jasper for last year.

Use the following information for Exercises 2-47 through 2-49. Jasper Company provided the following information for last year: 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