4 7 points Exercise 1-6 (Algo) Traditional and Contribution Format Income Statements [LO1-6] 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 eBook Total fixed selling expense Total fixed administrative expense Hint Ask * Print References Beginning merchandise inventory Ending merchandise inventory Merchandise purchases Required: 1. Prepare a traditional income statement. 2. Prepare a contribution format income statement. Amount 11,000 $ 17 $1 $ 2 $ 19,000 $ 15,000 $ 10,000 $ 25,000 $ 89,000 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a contribution format income statement. Cherokee, Incorporated Contribution Format Income Statement