Cherokee Inc. is a merchandiser that provided the following information: Amount 10,000 20 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 UUUU 18,000 15,000 $ 12,000 $ 24,000 $ 87,000 eBook 000 Hint Required: 1. Prepare a traditional income statement. 2. Prepare a contribution format income statement. Ask Complete this question by entering your answers in the tabs below. Print Required 1 Required 2 References Prepare a traditional income statement. Cherokee, Inc. Traditional Income Statement Selling and administrative expenses: Required 1 Required 2 > Required 1 Required 2 Prepare a contribution format income statement. Cherokee, Inc. Contribution Format Income Statement Variable expenses: Fixed expenses: Required 1 Required 2 >