5 Cherokee Incorporated is a merchandiser that provided the following information eoints Suped Number of wit old felling price per unit Variable selling ampune per unit VAVID administrative expense puent Total fixed selling expense Tot i asistrative expen teginning merchandise inventory Inding mechanine inventory Moreliandise purchases 14,000 $16 #1 92 $20,000 1 15.000 5 10,000 25,000 16,000 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 traditional income statement Cherokee, Incorporated Traditional income Statement Selling and administrative per Required 2 > ME Graw Motion Chapter 1 Harmon Chapter 1 Homework He 5 points Wher of its old Selling pri Variable expense per Variante de expense por at the Total distrative pense Beginnin handentory Ending machine inventory Merchandis purchase ht 14,000 116 11 12 120.000 15,000 $10.000 * 25,000 $ 86,000 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 Prepare a contion format income statement Cherokee incorporated Contribution Formatioome Statement Variable expenses de pe ME Graw HI