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Cherokee Inc. is a merchandiser that provided the following information Ancunt 13,000 18 $ 12 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 $ 21,009 $ 16,009 $ 10,000 $ 25,00 $ 85.000 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 Seling and administrative expenses Required 2 > Cherokee Inc. is a merchandiser that provided the following information: ter of its sold Ben Piper Variable expense permit VAHESH Sistrative per hit Total Fixed selline expense Total distratives Beginning merchandise inventory the chandise inventory Merchandise purchases Asunt 13,000 18 $ 2 Book 5 21,000 1.000 $ 10,00 $ 15, $ 85,00 Required: 1 Prepare a traditional income statement 2. Prepare a contribution for Income statement. Coniplete this question by entering your answers in the tabs below. Required 1 Requffed 2 Prepare contribution format income statement, Chuolt Contribution Forint Ice tatement Variable espanses Fled