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

Number of units sold		13,000
Selling price per unit	$	18
Variable selling expense per unit	$	1
Variable administrative expense per unit	$	2
Total fixed selling expense	$	21,000
Total fixed administrative expense	$	15,000
Beginning merchandise inventory	$	9,000
Ending merchandise inventory	$	25,000
Merchandise purchases	$	89,000

Prepare a traditional income statement

Prepare a contribution format income statement.