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please help me with the traditional income statement and a contribution format income statement.Look at the 2 images attached.Thanks! Cherokee Inc. is a merchandiser that

please help me with the traditional income statement and a contribution format income statement.Look at the 2 images attached.Thanks! image text in transcribed
image text in transcribed
Cherokee Inc. is a merchandiser that provided the following information: Amount 14,000 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 $ 22,000 $ 14,000 $ 9,000 $ 25,000 $ 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 Selling and administrative expenses Required 23 Cherokee Inc. is a merchandiser that provided the following information: Amount 14,000 17 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 $ 22,000 $ 14,000 $ 9,000 $ 25,000 $ 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 LA2206

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