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Cherokee Incorporated is a merchandiser that provided the following information: Amount Number of units sold 13 ,000 Selling price per unit $ 18 Variable selling

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Cherokee Incorporated is a merchandiser that provided the following information: Amount Number of units sold 13 ,000 Selling price per unit $ 18 Variable selling expense per unit Variable administrative expense per unit Total fixed selling expense $ 19,000 Total fixed administrative expense 15, 000 Beginning merchandise inventory 10, 000 Ending merchandise inventory 6 22,000 Merchandise purchases 86 ,090 Required: 1. Prepare a traditional income statement. 2. Prepare a contribution format income statement

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