ces C raw Cherokee Incorporated 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 Required: 1. Prepare a traditional income statement. 2. Prepare a contribution format income statement. Amount 14,000 $ 17 $ 2 $ 1 $ 19,000 $ 13,000 $ 12,000 $ 23,000 $ 87,000 D Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a contribution format income statement. Variable expenses: Fixed expenses Cherokee, Incorporated Contribution Format Income Statement 0 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 Required: 1. Prepare a traditional income statement. 2. Prepare a contribution format income statement. Amount 14,000 $ 17 $ 2 $ 1 $ 19,000 $13,000 $ 12,000 $ 23,000 $ 87,000 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a traditional income statement. Sales Cost of goods sold Cherokee, Incorporated Traditional Income Statement $ 238,000 76,000 162,000 Gross margin Selling and administrative expenses: Selling expenses Administrative expenses Net operating income 32,000 39,000 71,000 Required 1 Required 2 >