Cherokee Incorporated is a merchandiser that provided the following information: Amount Number of units sold 12,000 Selling price per unit Variable selling expense per unit $ 17 $1 Variable administrative expense per unit $2 Total fixed selling expense $ 19,000 Total fixed administrative expense $ 14,000 Beginning merchandise inventory Ending merchandise inventory Merchandise purchases $ 11,000 $ 24,000 $ 88,000 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 1 Required 2 Prepare a traditional income statement. Cherokee, Incorporated Traditional Income Statement Selling and administrative expenses: Required 1 Required 2 >