Cherokee Incorporated is a merchandiser that provided the following information:

Amount

Number of units sold $13,000$

Selling price per unit $ $17$

Variable selling expense per unit $ $2$

Variable administrative expense per unit $ $2$

Total fixed selling expense $ $22,000$

Total fixed administrative expense $ $15,000$

Beginning merchandise inventory $ $9,000$

Ending merchandise inventory $ $24,000$

Merchandise purchases $ $87,000$

Required:

$1.$ Prepare a traditional income statement.

$2.$ Prepare a contribution format income statement.