\\J Cherokee Inc. is a merchandiser that provided the following information: 30 Number of units sold 12,696 points Selling price per unit 33 15.96 Variable selling expense per unit $ 2.96 Variable administrative expense per unit 33 1.56 Total fixed selling expense $ 29,696 9300" Total fixed administrative expense $ 14,696 Beginning merchandise inventory $ 19,696 Hlnt Ending merchandise inventory $ 23,696 Merchandise purchases $ 39,696 Prlnt Required: 1. Prepare a traditional income statement. 30 points CHEROKEE, INC. Traditional Income Statement eBook Hint Print Selling and administrative expenses:2. Prepare a contribution format income statement. 30 points CHEROKEE, INC. Contribution Format Income Statement eBook Hint Variable expenses: Print Fixed expenses