Cherokee Inc. is a merchandiser that provided the following information: 3. 15 points Number of units sold Selling price per unit Variable selling expense per unit Variable administrative expense per unit Total fixed selling expense Total fixed administrative expense Beginning merchandise Inventory Ending merchandise inventory Merchandise purchases Amount 12,000 $ 17 1 $ $ 21,00 $ 13,000 $ 11,000 $ 24,000 $ 89,000 Berences Required: 1 Prepare a traditional income statement 2. Prepare a contribution format income statement Complete this question by entering your answers in the tabs below. Required Required 2 Deepare a traditional income statement Cherokee, Inc Traditional Income Statement Selling and administrative pentes Required 2 > 3 Selling price per unit Variable selling expense per unit Variable administrative expense per unit Total fixed selling expense Total fixed administrative expense Beginning merchandise inventory Ending merchandise inventory Merchandise purchases 5 17 $ 1 $ 13 $ 21,00 $ 13,000 $ 11,000 $ 24,000 $ 89,000 15 points Required: 1. Prepare a traditional income statement. 2. Prepare a contribution format income statement References Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a contribution format income statement. Cherokee, Inc. Contribution Format Income Statement Variable expenses Fored expenses