Saved Chapter 1 Homework A 9 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 10,000 16 $ 1 $ 2 $ 20,000 $ 15,000 $ 10,000 $ 25,000 $ 87,000 1.5 points eBook References 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 Cost of goods sold 160,000 72,000 Crnee mornin 99 non Mc Graw Hill Location