Cherokee Incorporated is a merchandiser that provided the following information: 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 Amount 10,000 $ 17 $ 2 $ 2 $ 20,000 $ 13,000 $ 9,000 Ending merchandise inventory Merchandise purchases Required: 1. Prepare a traditional income statement. 2. Prepare a contribution format income statement. $ 23,000 $ 89,000 Required 1 Required 2 Prepare a traditional income statement. Cherokee, Incorporated Traditional Income Statement Selling and administrative expenses: 0 Variable expenses: Fixed expenses: Cherokee, Incorporated Contribution Format Income Statement 0 0