2 0.71 points Exercise 1-6 (Algo) Traditional and Contribution Format Income Statements Cherokee Incorporated is a merchandiser that provided the following information: Skipped 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 eBook Hint References Beginning merchandise inventory Ending merchandise inventory Merchandise purchases Required: 1. Prepare a traditional income statement. 2. Prepare a contribution format income statement. Amount 14,000 $ 16 $ 2 $ 2 $ 19,000 $13,000. $ 9,000 $ 25,000 $ 85,000 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a traditional Income statement. Cherokee, Incorporated Traditional Income Statement 2 2. Prepare a contribution format income statement. 0.71 points Complete this question by entering your answers in the tabs below. Skipped eBook Required 1 Required 2 Prepare a traditional income statement. Cherokee, Incorporated Traditional Income Statement Hint Selling and administrative expenses: References 0 0.71 points Complete this question by entering your answers in the tabs below. Skipped Required 1 Required 2 Prepare a contribution format income statement. Cherokee, Incorporated Contribution Format Income Statement eBook Variable expenses: Hint References Fixed expenses: 0