Cherokee Incorporated is a merchandiser that provided the following information: Selling price per unit Variable selling expense per unit Amount Number of units sold 10,000 $ 17 $ 1 Variable administrative expense per unit $ 1 $ 19,000 $ 16,000 $ 11,000 $ 26,000 $ 88,000 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. 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: 0 < Required 1 Required 2 > Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a contribution format income statement. Cherokee, Incorporated Contribution Format Income Statement Variable expenses: Fixed expenses: 0 0