Cherokee Incorporated is a merchandiser that provided the following information: Number of units sold Amount 14,000...

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Cherokee Incorporated is a merchandiser that provided the following information: Number of units sold Amount 14,000 $15 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 Required: 1. Prepare a traditional income statement. 2. Prepare a contribution format income statement. $1 $ 2 $ 22,000 $ 15,000 $ 12,000 $ 22,000 $ 88,000 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a traditional income statement. Cherokee Incorporated is a merchandiser that provided the following information: Number of units sold Amount 14,000 $15 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 Required: 1. Prepare a traditional income statement. 2. Prepare a contribution format income statement. $1 $ 2 $ 22,000 $ 15,000 $ 12,000 $ 22,000 $ 88,000 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a traditional income statement.