Cherokee Inc. is a merchandiser that provided the following information: Amount 12,000 16 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 AAAAAA 22,000 $ 14,000 $ 11,000 24,000 $ 89,000 Required: 1. Prepare a traditional income statement. 2. Prepare a contribution format income statement. answer is not complete