3. Easy Peasy Cabinet Company sellls standard kitchen cabinets. The following information summarizes Easy Peasy's operating activities for year 2018: Sales revenue.. .154,500 Purchases... 85,700 Freight-in... .1,200 Merchandise inventory, January 1. .12,500 Merchandise inventory, December 31.. .17,400 Selling and administrative expenses: Wages expense... 15,000 Insurance expense. ..12,000 Rent expense.. ..5,000 Depreciation expense... 3,000 Office supplies expense. .1,500 Advertisement expense.. .5,000 Utilities expense. .1,250 Additional information: Easy Peasy sold 950 cabinets during the year 2018. Compute operating income for the year by preparing the income statement of Easy Peasy Cabinet Company . [17 marks] b. Easy Peasy sold 950 cabinets that year. Compute unit cost for one cabinet. 13 marks]