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 Lwventory Merchandise parehases Amount 13,000 17 $ 2 $ 3 $ 19,000 $ 14,000 $ 10,000 $ 23,000 89,000 Book Him 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 Solingan MacBook 30 SUS VE $ 5 4 % 5 & 7 N 3 8 9 Q W E R T Y U 0 S D F G H J K 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. Cheroke, Inc. Traditional Income Statement Selling and administrative expenses Required 2 > Prov 2 of 3 Next > MacBook Air 20 888 F SIL % A 2 3 * 8 4 6 & 7 W E R T Y U C S D F G H J K Required 1 Required Prepare a contribution format income statement. Cherokee, Inc. Contribution Format Income Statement Variable expenses: aces Fixed expenses