Just need the incorrect answers

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 20,000 $ 30 $ 4 $ 2 $ 40,000 $ 30,000 $ 24,000 $ 44,000 $ 180,000 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 traditional income statement. Cherokee, Inc. Traditional Income Statement Sales $ 600,000 Cost of goods sold 160,000 00 Gross margin 440,000 Selling and administrative expenses: Selling expenses Administrative expenses >$ 120,000 70,000 190,000 $ 1,200,000 X Net operating income > Required 1 Required 2 : Prepare a contribution format income statement. Cherokee, Inc. Contribution Format Income Statement $ 600,000 Sales 160,000 Variable expenses Cost of goods sold Selling expenses Administrative expenses x o x 160,000 Contribution margin Fixed expenses x Selling expenses Administrative expenses x 0 X x