CamSmith owns Cam’s Pets,a small retail shop selling pet supplies OnDecember 31 comma 2016,the accou

CamSmith owns Cam’s Pets,a small retail shop selling pet supplies OnDecember 31 comma 2016,the accounting records of Cam’s Pets showed the? following:

Inventory on December 31, 2016

$

10,400

Inventory on January 1, 2016

15,100

Sales Revenue

58,000

Utilities Expense for the shop

3,700

Rent for the shop

4,900

Sales Commissions

2,950

Purchases of Merchandise Inventory

29,000

Requirements

1What is an income statement forCam’s Petsfor the year ended December? 31,2016

2Cam’s Petssold5,450 units Determine the unit cost of the merchandise? sold, rounded to the nearest cent

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