cliff roberts owns cliff's pets, a small retail shop selling pet suppies. on december 31, 2018, the accounting records of cliff's pets showrd the following: merchandise inventory on december 31,2018 $10,250 merchandise inventory on january 1, 2018 15,600 net sales revenue 60,000 utilities expense for the shop 3600 rent for the shop 4300 sales commissions 2750 purchases of merchandise inventory 22,000 requirements: 1. prepare an income statement for cliff's pets for the year ending december 31, 2018. 2. cliff's pets sold 5450 units. determine the unit cost of the merchandise sold rounded to the nearest cent.