23 Cherokee Incorporated is a merchandiser that provided the following information: 3.7 points Skipped Number of units cold 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 Required: 1. Prepare a traditional income statement 2. Prepare a contribution format income statement Hint Complete this question by entering your answers in the tabs below. Print Required 1 Required 2 References Prepare a traditional income statement Cheroke, Incorporated Traditional Income Statement Selling and administrative expenses 0 Returns Required 2 > Cherokee Incorporated is a merchandiser that provided the following information Met of units sold tallini per unit tible with a permit Wie dietetive expense per unit Dital dinge Total fixed dosta strative setting the votery chande inventory 20.000 330 $ 2 30,00 53, 324.000 4,000 110.000 Required 1. Propie a traditional income statement 2. Prepare a contribution format income statement Complete this question by entering your answers in the tabe below. Rou Required 2 are a contribution format income statement Chemor Corncome Varios Fuad Required