Cherokee Incorporated is a merchandiser that provided the following information:

Number of units sold

Selling price per unit

Variabie 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

$\backslash$table$[[$Antount$],[,20,900],[,530],[,4],[4,],[,],[8,30,850],[8,24,900],[$$$,44,690],[81,80,800]]$

Required:

Prepare a traditional income statement.

Prepare a contribution format income statement.

Complete this question by entering your answers in the tabs below.

Required $1$

Required $2$

Prepare a traditional income statement.

$\backslash$table$[[$Cherokee$,$ Incorporated$],[$Traditional Income Statement$],[$Sales$,,$$$,600,000],[$Cost of goods sold,,,$160,000],[$Gross margin,,,$440,000],[$Selling and administrative expenses:,,,$],[$Selling expenses,$$0120,000,,],[,,,],[,,,],[,,,120,000],[,,,]]$