Cherokee Incorporated is a merchandiser that provided the following information: Number of units sold Selling price per unit Variable selling expense per unit Amount 13,000. $ 18 $ 1 Variable administrative expense per unit $ 2 $ 21,000 Total fixed administrative expense $ 14,000 $ 12,000 Ending merchandise inventory $ 26,000 $ 86,000 Total fixed selling expense Beginning merchandise inventory Merchandise purchases 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