LUUN Add Category Insert Table Chart Text + Ex. 2-41 B G H A C D E F Exercise 2-41 Name: Enter the appropriate amount in the shaded cells. A red asterisk (*) will appear in the column to the right of an incorrect amount. Round percentages to the nearest tenth of a percent. Jasper Company Income Statement For the Last Year Sales & Expenses 3,360,000 795,000 $ 2,565,000 Percent of Sales 100.0% 24.0% 76.3% Sales revenue Cost of goods sold Gross profit Less: Selling expense Administrative expense Operating income 437,000 854,000 $ 1,274,000 13.0% 25.4% 37.9% 2 2. Enter your essay answer in the space below. Essay answers will not be graded. Use the following information for Exercises 2-39 through 2-41. Jasper Company provided the following information for last year: Sales in units 280,000 Selling price s 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