< > Home - UM Assignment #1 - Spring 2022 ezto.mheducation.com M Question 8 - Assignment #1 - Spring 2022 - Connect Saved 6 2 points 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. eBook Hint Required 1 Required 2 Prepare a contribution format income statement. Cherokee, Incorporated Contribution Format Income Statement Sales Print Variable expenses: Cost of goods sold Selling expenses References Administrative expenses Mc Graw Hill $ 72,000 28,000 14,000 Fixed expenses: Selling expenses 20,000 Administrative expenses 15,000 Net operating income S 252,000 S 114,000 138,000 35,000 103,000 < Prev 6 of 10 Next > Chegg.com + 88 Cherokee Incorporated is a merchandiser that provi... Help Save & Exit Submit Check my work