Cherokee Incorporated is a merchandiser that provided the following information: Amount Number of units sold 13 ,000 Selling price per unit $ 15 Variable selling expense per unit $ 1 Variable administrative expense per unit $ 3 Total fixed selling expense $ 19,000 Total fixed administrative expense $ 14,090 Beginning merchandise inventory $ 11, 000 Ending merchandise inventory $ 26, 000 Merchandise purchases $ 90,000 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