Exercise 1-6 Traditional and Contribution Format Income Statements [L01-6) Cherokee Inc. is a merchandiser that provided the following information: Amount 10,000 s17 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 19,000 15,000 10,000 $ 24,000 $ 90,00 Complete this question by entering your answers in the tabs below. Required 1Required 2 Prepare a traditional income statement. Cherokee, Inc. Traditional Income Statement