Cherokee Incorporated is a merchandiser that provided the following information: Number of units sold Selling price per unit Variable administrative expense per unit Total fixed administrative expense Variable selling expense per unit Total fixed selling expense Ending merchandise inventory Merchandise purchases Beginning merchandise inventory Required: 1. Prepare a traditional income statement. 2. Prepare a contribution format income statement. Amount 13,000 $ 18 $ 1 $ 3 $ 21,000 $ 15,000 $ 8,000 $ 22,000 $ 89,000 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: