Prepare a traditional income statement. \begin{tabular}{|l|l|l|} \hline Required 1 Required 2 \\ \hline Prepare a contribution format income statement. \\ \hline \multicolumn{2}{|c|}{ Cherokee, Incorporated } & \\ \hline Contribution Format Income Statement & & \\ \hline Variable expenses: & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline Fixed expenses: & & \\ \hline & & \\ \hline & & \\ \hline \end{tabular} Cherokee Incorporated is a merchandiser that provided the following information: Required: 1. Prepare a traditional income statement. 2. Prepare a contribution format income statement