Ciff White owns Cuffs Pets, a small retail shop selling pet supplies. On December 31, 2018, the accounting records of Cliff's Pets showed the following (Click the icon to view the accounting records) Read the requirements Requirement 1. Prepare an income statement for Ciff's Pets for the year ended December 31, 2018 Cliff's Pets Income Statement Year Ended December 31, 2018 Data table Revenue: Cost of Goods Sold Cost of Goods Sold Gross Profit Selling and Administrative Expenses Merchandise Inventory on December 31, 2018 S 10,900 Merchandise inventory on January 1, 2018 15,400 Net Sales Revenue 58,000 Utilities Expense for the shop 3,500 Rent for the shop 4,700 Sales Commissions 2.850 Purchases of Merchandise Inventory 26,000 Print Done Total Selling and Administrative Expenses Operating Income (Loss) Requirement 2. Cliffs Pets soid 4,500 units. Determine the unit cost of the merchandise sold, rounded to the nearest cent Cost per unit