Cherokee Incorporated is a merchandiser that provided the following informati Number of units sold Selling price per unit Variable selling expense per unit Variable administrative expense per unit Total fixed administrative expense Total fixed selling expense Beginning merchandise inventory Ending merchandise inventory Merchandise purchases Required: 1. Prepare a traditional income statement. 2. Prepare a contribution format income statement. Amount 12,000 $ 15 $ 1 $ 2 $ 22,000 $ 16,000 $ 11,000 $ 23,000 $ 86,000 Prepare a contribution format income statement. Cherokee, Incorporated Contribution Format Income Statement Variable expenses: Fixed expenses: 0 0