Check my work mode: This shows what is correct or incorrect for the work you have complete Cherokee Inc. is a merchandiser that provided the following information: Amount 14,000 S 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 16 1 s 2 $ 20,000 $ 15,000 $ 12,000 $ 24,000 $ 89,000 Required: 1. Prepare a traditional income statement. 2. Prepare a contribution format income statement. Answer is not complete. 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 224,000 Sales 77,000 Cost of goods sold 147,000 Gross margin Sellinn and ariminictrafiue evnencee Next> 2 of 6