1 Cherokee Inc. is a merchandiser that provided the following information: 10 points Number of units sold Selling price per unit Variable selling expense per unit Variable administrative expense per unit Total fixed selling expense Total fixed administrative expense Beginning merchandise inventory Ending merchandise inventory Merchandise purchases Amount 11,000 $ 18 $ 2 $ 2 $19,000 $16,000 $12,000 $25,000 $87,000 eBook Hint Print References Required: 1. Prepare a traditional income statement 2. Prepare a contribution format income statement Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a contribution format income statement. Cherokee, Inc. Contribution Format Income Statement Sales $ 198,000 Saved Exercise 1-6: Cherokee, Inc. i 1 Required 1 Required 2 Prepare a contribution format income statement. 10 points Cherokee, Inc. Contribution Format Income Statement Sales Variable expenses Purchases cBook 198,000 Hint Print References Fixed expenses: 0 GEN Prey 1 of 1 Next MacBook DK %