2 Exercise 1-6 Traditional and Contribution Format Income Statements [LO1-6] 60 Cherokee Inc. is a merchandiser that provided the following information: points Amount 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 11,0 16 1 eBook $ 20,000 $15,000 tory Ending merchandise inventory $26,000 $87,000 Merchandise purchases Hint Required 1. Prepare a traditional income statement. 2. Prepare a contribution format income statement. Print References Complete this question by entering your answers in the tabs below. Required Required 2 Prepare a traditional income statement. Cherokee, Inc. Traditional Income Statement