Cherokee Inc is a merchandiser that provided the following information 10,000 15 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 3 S 19,000 $ 13,000 $ 10,000 $ 25,000 S 86.000 Required: 1 Prepare a traditional income statement Cherokee, Inc. Traditional Income Statement Sales Selling and administrative expenses Net operating income