Cliff Roberts owns Cliffs 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.) Requirements 1. Prepare an income statement for Cliffs Pets for the year ended December 31, 2018, 2 Cliff's Pets sold 4,500 units. Determine the unit cost of the merchandise sold, rounded to the nearest cent. Requirement 1. Prepare an income statement for Cliffs Pets for the year ended December 31, 2018. (Check your spelling carefully and do not abbreviate.) Cliff's Pets Income Statement Year Ended December 31, 2018 i Data Table Revenue Cost of Goods Sold: 10.250 15,300 60,000 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 3,400 5.000 2,150 30,000 Cost of Goods Sold Gross Profit Selling and Administrative Expenses Print Done Total Selling and Administrative Expenses Operating Income (Loss) Requirement 2. Cliff's Pets sold 4,500 units. Determine the unit cost of the merchandise sold, rounded to the nearest cent. Cost per unit = $ Enter any number in the edit fields and then continue to the next