23 Cherokee Incorporated is a merchandiser that provided the following information: 3.7 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 20,000 $ 30 $.4 $ 2 $ 40,000 $ 30,000 $ 24,000 $ 44,000 $ 180,000 eBook Hint Required: 1. Prepare a traditional income statement. 2. Prepare a contribution format income statement Print Complete this question by entering your answers in the tabs below. References Required 1 Required 2 Prepare a contribution format income statement Cherokee, Incorporated Contribution Format Income Statement Variable expenses 0 Fixed expenses Net operating income 0