Cherokee Incorporated is a merchandiser that provided the following information: Amount Number of units sold 12,000 Selling price per unit $ 18 Variable selling expense per $ 2 unit Variable administrative expense per unit $ 1 Total fixed selling expense $ 18,000 Total fixed administrative $ expense 15,000 Beginning merchandise inventory $9,000 $ Ending merchandise inventory 26,000 Merchandise purchases $ 88,000 Required: 1. Prepare a traditional income statement. 2. Prepare a contribution format income statement. > Answer is not complete. Complete this question by entering your answers in the tabs below. Required Required 1 2 Prepare a contribution format income statement. Cherokee, Incorporated Contribution Format Income Statement Variable expenses: Fixed expenses: 0 0 < Required 1 Required 2 >