Cherokee Incorporated is a merchandiser that provided the following information: Amount Number of units sold Selling price per unit Variable selling expense per unit Variable administrative expense per unit 12,000 $ 17 $ 1 $ 3 Total fixed selling expense $ 18,000 Total fixed administrative $ 15,000 expense Beginning merchandise inventory $ 10,000 Ending merchandise inventory Merchandise purchases $ 25,000 $ 89,000 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 Required 1 2 Prepare a traditional income statement. Cherokee, Incorporated Traditional Income Statement Selling and administrative expenses: < Required 1 Required 2 >