Homework Seved Help Save & Exit Submit Check my work 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 $10 $1 $ 2 $ 20,000 $ 14,000 $ 11,000 $ 25,000 5 86,000 Required: 1. Prepare a traditional income statement. 2. Prepare a contribution format income statement Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a contribution format Income statement Cherokee, Incorporated Contribution Format Income Statement Sales $ 234,000 Variable expenses Cost of goods sold Selling expenses Administrative expenses $ 72,000 13.000 26.000 111,000 Contribution margin Fuad Expo Seling expens Administrative expenses 20.000 14.000 34.000 Net operating income Dutch 5 Check my work Cherokee incorporated is a merchandiser that provided the following information: Ints Number of units sold Selling price per unit Variable selling expense per unit Variable administrative expense per unit Total fixed selling expense Total tixed administrative expense Beginning merchandise inventory Ending merchandise inventory Merchandise purchases Amount 13,000 $ 18 $1 $ 2 $ 20,000 $ 14,000 $ 11,000 $ 25,000 $ 85,000 eBook Required: 1. Prepare a traditional income statement 2. Prepare a contribution format income statement. Hint Print Complete this question by entering your answers in the tabs below. o Referentes Required 1 Required 2 Prepare a traditional Income statement $ Cherokee, Incorporated Traditional Income Statement Sales Cost of goods sold ross margin Seling and administrative expenses Selling expenses $ 33.000 Administrative expenses 40.000 234,000 72.000 162.000 73,000 het operating income Required 2 > Mic Graw