Cherokee Inc. is a merchandiser that provided the following information: Number of units sold Selling price per unit Variable selling expense per unit Variable adiinistrative expense per unit Total fixed selling expense Total fixed adedinistrative expense Beginning merchandise inventory Ending merchandise Inventory Merchandise purchases Amount 10.000 $ 18 5 1 $ 1 $ 18,000 $ 15,000 $ 3,eee $ 24,000 $ 87.000 Required: 1. Prepare a traditional inconstatement 2. Prepare a contribution format income statement Complete this question by entering your answers in the tabs below. Required 1 Mequired 2 - Prepare a traditional income statement. Cherokee, Inc Traditional Income Statement Selling and administrative expertos Required 2 > 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. nces Required 1 Required 2 Prepare a contribution format income statement Cherokee, Inc. Contribution Format Income Statement Variable expenses: Fixed expenses Required