Cherokee inc is a merchandiser that provided the following information:

1. Prepare a traditional income statement

2. Prepare a contribution format income statement

7 Cherokee Inc. is a merchandiser that provided the following information 2.9 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 11,000 $ 16 1 $ $ 18,000 $ 15,000 $ 12,000 $ 26,000 5 86,000 eBlock Hint Required: 1. Prepare a traditional income statement 2. Prepare a contribution format income statement. Print Complete this question by entering your answers in the tabs below. References Required 1 Required 2 Prepare a traditional income statement. Cherokee, Inc. Traditional Income Statement Selling and administrative expenses 7 Complete this question by entering your answers in the tabs below. Required 1 Required 2 2.9 points Prepare a contribution format income statement. Cherokee, Inc. Contribution Format Income Statement eBook Variable expenses Hint Print 0 References Fixed expenses 0