Requirement 1. Prepare an income statement for Chris' Pets for the year ended December 31, 2024. Chris' Pets X i Data Table Income Statement Year Ended December 31, 2024 Revenue: 10,250 Merchandise Inventory on December 31, 2024 $ Merchandise Inventory on January 1, 2024 Net Sales Revenue 60,000 15,600 Cost of Goods Sold: Net Sales Revenue 60,000 Beginning Merchandise Inventory Utilities Expense for the shop 3,000 15,600 30,000 Purchases of Merchandise Inventory Rent for the shop 4,800 Cost of Goods Available for Sale 45,600 2,950 Sales Commissions Purchases of Merchandise Inventory Ending Merchandise Inventory 10,250 30,000 Cost of Goods Sold 35,350 Gross Profit Print Done Selling and Administrative Expenses: Utilities Expense 3000 Choose from any list or enter any number in the input fields and then continue to the next question. Ending Merchandise Inventory 10,250 Cost of Goods Sold 35,350 Gross Profit Selling and Administrative Expenses: Utilities Expense 3000 Rent Expense 4800 Sales Commissions Expense 2950 Total Selling and Administrative Expenses 10,750 Operating Income (Loss) Requirement 2. Chris' Pets sold 3,500 units. Determine the unit cost of the merchandise sold, rounded to the nearest cent. Cost per unit = 13.17 Choose from any list or enter any number in the input fields and then continue to the next