Cherokee Incorporated is a merchandiser that provided the following information: Number of units sold Selling price per unit Variable selling expense per unit Variable administrative expense per unit Total fixed selling expense Total fixed administrative expense Beginning merchandise inventory Ending merchandise inventory Merchandise purchases Required: 1. Prepare a traditional income statement 2. Prepare a contribution format income statement. Amount 20,000 $ 30 $ 4 $ 2 $ 40,000 $ 30,000 $ 24,000 $ 44,000 $ 180,000 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 Beginning merchandise inventory Cost of goods sold To mesin 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 Beginning merchandise inventory Cost of goods sold Gross margin Selling and administrative expenses Required 2 > Required 1 Required 2 Prepare a contribution format income statement Cherokee, Incorporated Contribution Format Income Statement Variable expenses 0 Fixed expenses 0