Cherokee Inc. is a merchandiser that provided the following information: Amount 12,000 16 Number of units sold Selling price per unit Variable selling expense per unit Variable administrative expense per unit S 2 S $ 19,000 $ 14,000 $ 10,000 24,000 $ 89,000 Total fixed selling expense Total fixed administrative expense Beginning merchandise inventory Ending merchandise inventory Merchandise purchases Required: 1. Prepare a traditional income statement. 2. Prepare a contribution format income statement. ces Complete this question by entering your answers in the tabs below. Required 2 Required 1 Prepare a traditional income statement. Cherokee, Inc. Traditional Income Statement Selling and administrative expenses: Required 1 Required 2 Required 2 Required 1 Prepare a contribution format income statement. Cherokee, Inc. Contribution Format Income Statement Variable expenses: Fixed expenses: Required 1 Required 2