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Most of my answers so far are correct. The rest of this stuff I am clueless though.. Hope somebody can help! Number of units sold

Most of my answers so far are correct. The rest of this stuff I am clueless though.. Hope somebody can help! image text in transcribed
image text in transcribed
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 5 16 $ 1 $ 2 $ 19,000 $ 15,000 $ 12,000 22,000 $ 88,000 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 208.000 Sales Cost of goods sold Gross margin Selling and administrative expenses: Selling expenses Administrative expenses 78,000 130.000 $ 32.000 42,000 Purchases 74.000 Regled Required 2 > Total taxea seining expense Total fixed administrative expense Beginning merchandise Inventory Ending merchandise inventory Merchandise purchases $ 16,000 $ 12,000 $ 22,000 $ 88,000 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, Inc. Contribution Format Income Statement Variable expenses Fbxed expenses 0

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