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 $ 17 $ 2 Variable administrative expense per unit $2 $ 20,000 $ 14,000 $ 11,000 45 Ending merchandise inventory $ 22,000 $ 90,000 Total fixed selling expense Total fixed administrative 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 Selling and administrative expenses