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Cherokee Inc. is a merchandiser that provided the following information 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 Amount 13,000 $ 17 $ 1 $ 2 $ 21,000 $ 14, eee $ 10,000 $ 24,00 $ 89, eee 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 S 221,000 Selling and administrative expenses 0 Route Required 2 > Prey Cherokee Inc is a merchandiser that provided the following information: 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 Amount 13,000 17 $ 1 $ 2 $ 21,000 $ 14,000 $ 10,000 $ 24, eee $ 89, eee 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 contribution format income statement Cherokee, Inc. Contribution Format Income Statement Variable expenses 0 Fbed expenses 0

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