Snyder Brush Company sells standard hair brushes. The following information summ

Snyder Brush Company sells standard hair brushes. The following information summarizes Snyders operating activities for 2012:Selling and administrative expenses $ 49680Purchases 78000Sales revenue 138000Merchandise inventory January 1 2012 7500Merchandise inventory December 31 2012 12360Requirements:1. Prepare an income statement for 2012. Compute the ratio of operating expense to total revenue and operating income to total revenue.2. Snyder sold 6000 brushes 2012. Compute the unit cost for one brush.