need both traditional and contribution statement

exto.meducation.com Question 1 Ch 1 Homework Connect Check my work mode : This shows what is correct or incorrect for the work you have completed so far. 1 Cherokee Inc. is a merchandiser that provided the following information: 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 11.ee $ 17 $ 1 $ 2 $22,00 $14.000 $10,000 $25,eee $88,000 Required: 1. Prepare a traditional income statement 2. Prepare a contribution format income statement Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a contribution format income cement Cherokee, Inc. Contribution Format Income Statement Sales Variable expenses . $ 187,000 Cost of goods sold Clemence 74,000 11 Prev 1 of 4 ! Next > MacBook Air