Amount 13,000 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 $ 21,000 $ 15,000 $ 9,000 $ 25,000 $ 90,000 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 contribution format income statement. 208,000 Cherokee, Inc. Contribution Format Income Statement Sales IS Variable expenses: Cost of goods sold $ 74,000 Selling expenses 26,000 Administrative expenses 13,000 Variable manufacturing overhead 113,000