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Cherokee Inc. is a merchandiser that provided the following information: number or units sold 11,000 selling price per unit $18 Variable selling expense per unit

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

number or units sold 11,000

selling price per unit $18

Variable selling expense per unit $1

Variable administrative expense per unit $2

total fixed selling expense $20,000

total fixed administrative expense $16,000

Beginning merchandise inventory $10,000

ending merchandise inventory $23,000

merchandise purchases $86,0000

1- please help with preparing a traditional income statement

2-please help with preparing a contribution format income statement

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