Assignment 1-3 Week 1 Practice i Saved 2 Cherokee Inc. is a merchandiser that provided the following information: 4 points 1 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 12,000 $ 16 $ 1 $ $ 19,000 $ 16,000 $ 11,000 $ 22,000 $ 90,000 eBook Hint Required: 1. Prepare a traditional income statement 2. Prepare a contribution format income statement. Print Complete this question by entering your answers in the tabs below. References 2 Required: 1. Prepare a traditional income statement 2. Prepare a contribution format income statement. 4 points Complete this question by entering your answers in the tabs below. Required 1 Required 2 eBook Prepare a traditional income statement. Hint Cherokee, Inc. Traditional Income Statement Print Selling and administrative expenses: References 0 Required 2 > 2 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. points Required 1 Required 2 eBook Prepare a contribution format income statement. Hint Cherokee, Inc. Contribution Format Income Statement Variable expenses: Print References 0 Fixed expenses 0