1 Cherokee Inc. is a merchandiser that provided the following information: Amount 20 points 14,000 18 Number of units sold Selling price per unit Variable selling expense per unit Variable administrative expense eBook 3 per unit Total fixed selling expense $19,000 Total fixed administrative Hint $13,000 expense Beginning merchandise inventory Ending merchandise inventory Merchandise purchases $11,000 $24,000 $89,000 Print Required: 1. Prepare a traditional income statement. 2. Prepare a contribution format income statement. References Complete this question by entering your answers in the tabs below. Required Required 2 Prepare a traditional income statement. Cherokee, Inc. Traditional Income Statement Selling and administrative expenses: Complete this question by entering your answers in the tabs below. Required Required Prepare a contribution format income statement. Cherokee, Inc. Contribution Format Income Statement Variable expenses: Fixed expenses: