Jasper Company provided the following information for last year:
Costs
Amount
Sales in units 300,000
Selling price $18
Direct materials $179,000
Direct labor $495,000
Manufacturing overhead $110,000
Selling expense $435,000
Administrative expense $864,000
Last year, beginning and ending inventories of work in process and finished goods equaled zero.
Required:

Prepare an income statement for Jasper for last year.