Chapter 1HW 5 Saved Exercise 1-6 (Algo) Traditional and Contribution Format Income Statements [LO1-6] 2 Cherokee Incorporated is a merchandiser that provided the following information: Amount Humber of units sold 13,000 whook Selling price per unit Variable selling expense per unit Hint Total fixed selling expense Total fixed administrative expense P 20,000 $16,000 8,000 325,000 87,000 Variable administrative expense per unit Beginning merchandise Laventory Ending merchandise inventory Merchandise purchases 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 21 Prepare a contribution format income statement. Cherokee, Incorporated Contribution Format Income Statement google doc Help Save & all Cluck my vis Chapter 1HW 2 5 Complete this question by entering your answers in the tabs below. points Required 1 Required 2 Prepare a contribution format income statement. Cherokee, incorporated Contribution Format Income Statement HM Prim References Variable expenses Fixed expenses: Check