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Can anybody help me on this? It's for ACC2080 and based around traditional and contribution format income statements Exercise 1-6 Traditional and Contribution Format Income

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Exercise 1-6 Traditional and Contribution Format Income Statements [LO1-6] Cherokee Inc. is a merchandiser that provided the following information: 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 12,000 $ 15 $ 2 $ 1 $ 21,000 $ 14,000 $ 12,000 $ 22,000 $ 88,000 Required: 1. Prepare a traditional income statement. 2. Prepare a contribution format income statement

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