Question: answer fast pls Exercise 1-6 (Algo) Traditional and Contribution Format Income Statements (L01-6] Cherokee Incorporated is a merchandiser that provided the following information: 10,000 $16
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Exercise 1-6 (Algo) Traditional and Contribution Format Income Statements (L01-6] Cherokee Incorporated is a merchandiser that provided the following information: 10,000 $16 $.2 Number of units sold Selling price per unit Variable selling expense.per unit Variable administrative expense per unit Total fixed selling expense Totat fixed administrative expense Beginning merchandise inventory Ending merchandise inventory Merchandise purchases $ 19,000 15,000 $ 8,000 $ 26,000 88,000 Required: . Prepare a traditional income statement 2. Prepare a contribution format income state tent. Required
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