Cherokee Incorporated is a merchandiser that provided the following information: Amount Number of units sold Selling price per unit 10,000 $.16 Variable selling expense per unit $1 Variable administrative expense per unit Total fixed selling expense $2 Total fixed administrative expense Beginning merchandise inventory Ending merchandise inventory Merchandise purchases $ 19,000 $ 15,000 $9,000 $ 24,000 $ 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 Bered 2 Prepare a contribution format income statement. Cherokee, Incorporated Contribution Format Income Statement Vanati expert Check my work MP Required 1 Required 2 Prepare a contribution format income statement. Cherokee, Incorporated Contribution Format Income Statement Vanable expenses Fixed expenses