For the leftmost columns, the options are:

Administrative expenses

Beginning merchandise inventory

COGS

Direct labor

Direct materials

Ending merchandise inventory

Fixed manufacturing overhead

Indirect labor

Indirect materials

Manufacturing overhead

Purchases

Sales

Selling expenses

Cherokee Inc. is a merchandiser that provided the following information: 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 Amount 13,000 $ 16 $ 1 $ 2 $ 19,000 $ 14,000 $ 11,000 $ 25,000 $ 86,000 Required: 1. Prepare a traditional income statement. 2. Prepare a contribution format income statement. Prepare a traditional income statement. Cherokee, Inc. Traditional Income Statement Sales $ 208,000 Cost of goods sold 72,000 Gross margin 136,000 Selling and administrative expenses: Selling expenses $ 32,000 Administrative expenses 40,000 Net operating income Prepare a contribution format income statement. Cherokee, Inc. ContributioF Format Income Statement Sales Variable expenses: Administrative expenses Contribution margin Fixed expenses: Administrative expenses Selling expenses O Net operating income