b

Number of units sold Selling price per unit Variable selling expense per unit Variable administrative expense per Total fixed selling expense $ 21,000 Total fixed administrative expense $ 14,000 Beginning merchandise inventory $ 9,000 Ending merchandise inventory $ 24,000 Merchandise purchases $ 85,000 Required: Amount 11,000 $ 18 unit 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 Sales Cost of goods sold Gross margin Selling and administrative expenses: Selling expenses Administrative expenses Net operating income