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 13,000 $ 16 $ 1 s $21,000 $15,000 $ 8.000 $24,000 $87,000 OOK Sint rint rences 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 Cherokee, Inc. Traditional Income Statement Required 1 Required 2 Prepare a traditional income statement. Cherokee, Inc. Traditional Income Statement $ 12,000 86,000 Purchases Selling and administrative expenses: 0 Required Required 2 >