Cherokee Incorporated is a merchandiser that provided the following information: Number of units sold 3.75 Selling price per unit paints Variable selling expense per unit Variable administrative expense per unit Total fixed selling expense: eBook Total fixed administrative expense Beginning merchandise inventory Hint Ending merchandise inventory Ask Merchandise purchases Required: Print 1. Prepare a traditional income statement References 2. Prepare a contribution format income statement. Amount 14,000 $ 18 $2 $2 $ 20,000 $ 16,000 $ 12,000 $ 23,000 $87,000 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Drin B Required 1 Required 2 cos Prepare a traditional income statement. Cherokee, Incorporated Traditional Income Statement Selling and administrative expenses: Required 1 Required 2 > < Prev 8 of 8 Next Variable expenses: Cherokee, Incorporated Contribution Format Income Statement Fixed expenses: +