Cherokee Inc. is a merchandiser that provided the following information Amount 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 inventor Merchandise purchases 10,000 17 $ 18,000 $ 16,00e $ 9,00e $23,000 $ 86,000 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 Required1Required 2 Prepare a contribution format income statement Cherokee, Inc. Contribution Format Income Statement Variable expenses: Fixed expenses: Required 1 Required 2