Cherokee is a merchandiser that provided the following information: Prepare a traditional income statement and contribution format income statement.

Amount 10,000 15 2 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 2 $ 21,000 $ 15,000 $ 9,000 $ 24,000 $ 85,000