Cherokee Inc. is a merchandiser that provided the following information:

5 Cherokee Inc. is a merchandiser that provided the following information: 16.66 points 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 11,000 $ 16 $ 1 $ $ 19,000 $ 16,000 $ 11,000 $ 25,000 $ 89,000 eBook Print Required: 1. Prepare a traditional income statement. 2. Prepare a contribution format income statement. References Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a traditional income statement. Cherokee, Inc. Traditional Income Statement Beginning merchandise inventory Purchases Selling and administrative expenses: 0 5 Cherokee Inc. is a merchandiser that provided the following information: 16.66 points 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 11,000 S 16 s 1 $ 2 $ 19,000 $ 16,000 $ 11,000 $ 25,0DD $ 89,000 eBook Print Required: 1. Prepare a traditional income statement. 2. Prepare a contribution format income statement. References Complete this question by entering your answers in the tabs below. Required Required 2 Prepare a contribution format income statement. Cherokee, Inc. Contribution Format Income Statement Variable expenses. 0 Fixed expenses 0