Oliver Brush Company sells standard hair brushes. The following information summarizes Oliver's operating activities for 2016 EE (Click the icon to view the information.) Requirements 1. Calculate the operating income for 2016 2. Oliver sold 6,400 brushes in 2016. Compute the unit cost for one brush. Data Table Requirement 1. Calculate the operating income for 2016 Oliver Brush Company Income Statement Year Ended December 31, 2016 Selling and Administrative Expenses Purchases Sales Revenue Merchandise Inventory, January 1, 2016 Merchandise Inventory, December 31, 2016 $ 42,240 83,200 128,000 8,000 25,920 Revenue Cost of Goods Sold PrintDone Cost of Goods Sold Gross Profit Operating Income