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 administrative expense kipped Total fixed selling expense Ending merchandise inventory Merchandise purchases eBook Hint Print References Beginning merchandise inventory Required: 1. Prepare a traditional income statement. 2. Prepare a contribution format income statement Amount 12,000 $ 25 $1 $1 $ 21,000 $ 15,000 $ 9,000 $ 22,000 $ 89,000 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a traditional Income statement. Cherokee, Incorporated kipped eBook Hint Print Required 1 Required 2 Prepare a traditional income statement. Cherokee, Incorporated Traditional Income Statement References Selling and administrative expenses Required 2 > < Prev 2 of 6 Next d ok ent rint erences Required 1 Requir Prepare a contribution format income statement. Variable expenses Cherokee, Incorporated Contribution Format Income Statement Fixed expenses Required 1 Nex