Chet White 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.) Requirements 1. Prepare an income statement for Chet's Pets for the year ended December 31, 2018 2. Chet's Pets sold 5,400 units. Determine the unit cost of the merchandise sold, rounded to the nearest cent. Chet's Pets Income Statement Year Ended December 31, 2018 Data Table Revenue Cost of Goods Sold: 5 Merchandise Inventory on December 31, 2018 Merchandise Inventory on January 1, 2018 Net Sales Revenue Utilities Expense for the shop Rent for the shop Sales Commissions Purchases of Merchandise Inventory 10,800 15,100 52,000 3,200 4,900 2,250 21,000 Cost of Goods Sold Gross Profit Selling and Administrative Expenses: Print Done Total Selling and Administrative Expenses Operating Income (Loss) Requirement 2. Chet's Pets sold 5,400 units. Determine the unit cost of the merchandise sold rounded to the nearest cent Cost per unit = $