Cherokee Incorporated is a merchandiser that provided the following information: Amount Number of units sold 12, 000 Selling price per unit $ 16 Variable selling expense per unit $ Variable administrative expense per unit $ : Total fixed selling expense $ 21, 000 Total fixed administrative expense 14, 000 Beginning merchandise inventory 11, 000 Ending merchandise inventory $ 25, 000 Merchandise purchases $ 89, 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: