Complete calculations in this worksheet and then upload your solution into Canvas Cherokee Incorporated is a merchandiser that provided the following information: Number of units sold Amount Selling price per unit 12,000 16 Variable selling expense per unit 2 Variable administrative expense per unit Total fixed selling expense 20,000 Total fixed administrative expense 14,000 Beginning merchandise inventory 10,000 Ending merchandise inventory 22,000 Merchandise purchases 88,000 1. Prepare a traditional income statement 2. Prepare a contribution format income statement Traditional Income Statement Contribution Format Income Statement