Exercise 1-6 (Algo) Traditional and Contribution Format Income Statements [LO Cherokee Incorporated is a merchandiser that provided the following information: Reuired: 1. Prepare a traditional income statement. 2. Prepare a contribution format income statement. Complete this question by entering your answers in the tabs below. Prepare a traditional income statement. 2. Prepare a contribution format income statement. Complete this question by entering your answers in the tabs below. Prepare a traditional income statement. 2. Prepare a contribution format income statement. Complete this question by entering your answers in the tabs below. Prepare a contribution format income statement