0.0 11 Data Table Requirements Merchandise Inventory on December 31, 2018 $ 10,300 1. Prepare an income statement for Chet's Pets for the year ended December 31, 2018. 2. Chet's Pets sold 4,550 units. Determine the unit cost of the merchandise sold, rounded to the nearest cent. Merchandise Inventory on January 1, 2018 15,800 Net Sales Revenue 60,000 Utilities Expense for the shop 3,700 4,000 Rent for the shop Sales Commissions Purchases of Merchandise Inventory 2,450 Print Done 20,000 Total Selling and Administrative Expenses Operating Income (Loss) Print Done Chet Schneider owns Chet's Pets, a small retail shop selling pet supplies. On December 31, 2018, the accounting records of Chet's Pets showed the following: (Click the icon to view the accounting records.) Read the requirements. Requirement 1. Prepare an income statement for Chet's Pets for the year ended December 31, 2018. Chet's Pets Income Statement Year Ended December 31, 2018 Revenue: Cost of Goods Sold: Cost of Goods Sold Chet Schneider owns Chet's Pets, a small retail shop selling pet supplies. On December 31, 2018, the accounting records of Chet's Pets showed the following: (Click the icon to view the accounting records.) Read the requirements. ..... Cost of Goods Sold Gross Profit Selling and Administrative Expenses: Total Selling and Administrative Expenses Operating Income (Loss) Requirement 2. Chet's Pets sold 4,550 units. Determine the unit cost of the merchandise sold, rounded to the nearest cent. Cost per unit =