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 $ 18 $ 1 $ 3 $ 19,000 $ 15,eee $ 10,000 $ 24,000 $ 88, eee Required: 1. Prepare a traditional Income statement 2. Prepare a contribution format Income statement. Required 1 Required 2 Prepare a traditional income statement. Cherokee, Incorporated Traditional Income Statement Sales Cost of goods sold Gross margin Selling and administrative expenses. Administrative expenses Selling expenses 0 Net operating income K Remed Required 2 > Required 1 Required 2 Prepare a contribution format income statement. Cherokee Incorporated Contribution Format Income Statement Variable expenses 0 Fixed expenses