Cherokee Inc. is a merchandiser that provided the following information:

AmountNumber of units sold14,000Selling price per unit$18Variable selling expense per unit$2Variable administrative expense per unit$2Total fixed selling expense$21,000Total fixed administrative expense$13,000Beginning merchandise inventory$11,000Ending merchandise inventory$25,000Merchandise purchases$89,000

Required:

1.do a traditional income statement.

2. do a contribution format income statement.