Check my 8. Cherokee Inc. is a merchandiser that provided the following information 10 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 Andunt 11.000 $ 15 3 2 $ 2 $ 20,000 $ 15,000 $8,000 $ 24,000 $ 87,000 lloc Hint 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 traditional income statement