Cherokee Inc. is a merchandiser that provided the following information

: Amount Number of units sold 12,000

Selling price per unit $ 17

Variable selling expense per unit $ 2

Variable administrative expense per unit $ 2

Total fixed selling expense $ 21,000

Total fixed administrative expense $ 14,000

Beginning merchandise inventory $ 10,000

Ending merchandise inventory $ 23,000

Merchandise purchases $ 90,000

Required: 1. Prepare a traditional income statement

. 2. Prepare a contribution format income statement.