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 Ending merchandise inventory Merchandise purchases Amount 13,000 $ 17 $ 1 $ 3 $ 21,000 $ 15,000 $ 9,000 $ 26,000 $ 86,000 ces Required: 1. Prepare a traditional income statement. 2. Prepare a contribution format income statement Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a contribution format income statement $ 221,000 Cherokee, Incorporated Contribution Format Income Statement Sales Variable expenses Cost of goods sold $ 69,000 Selling expenses 13,000 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a contribution format income statement. Cherokee, Incorporated Contribution Format Income Statement Sales $ 221,000 Variable expenses Cost of goods sold Selling expenses Administrative expenses 69,000 13,000 39,000 121,000 Fixed expenses Selling expenses Administrative expenses 21,000 15,000 Net operating income 36,000 64,000 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a traditional Income statement. $ es Cherokee, Incorporated Traditional Income Statement Sales Cost of goods sold Gross margin Selling and administrative expenses: Selling expenses 34,000 Administrative expenses 54,000 221,000 69,000 152,000 88,000 64,000 Net operating income Required Required 2 >