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

Amount

Number of units sold 14,000

Selling price per unit $18

Variable selling expense per unit $2

Variable administrative expense per unit $2

Total fixed selling expense $20,000

Total fixed administrative expense $15,000

Beginning merchandise inventory $11,000

Ending merchandise inventory $26,000

Merchandise purchases $87,000

I need to show a traditional income statement based on the above:

I have entered the following and it is correct

Cherokee, Inc.

Traditional Income Statement

Sales $252,000

Cost of goods sold (72,000)

Gross margin 180,000

I NEED HELP WITH SOME OF THE INFORMATION BELOW

Selling and administrative expenses:

Selling expenses (NEED HELP FINDING THE CORRECT NUMBER)

Administrative expenses 15,000 THIS IS WRONG, NEED HELP, next column I answered 78,000 (THIS IS CORRECT)

I am missing 2 more items and their values I NEED HELP WITH THIS

Net operating income $102,000 THIS IS INCORRECT

2. I need to show a contribution format income statement based on information above.

I AM HAVING TROUBLE IDENTIFYING WHAT FALLS UNDER THE VARIABLE EXPENSES AND WHAT FALLS UNDER FIXED EXPENSES AND THE MAIN CATEGORY COVERING EACH OF THESE. Along with all of the associated values