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28 $ 8 64 68 72 Concepts Quiz Saved Help Save & Exit Submit Cherokee, Inc. Cherokee Inc. is a merchandiser that provided the following information: Contribution Format Income Statement Amount Number of units sold 12, 060 Variable expenses Selling price per unit Variable selling expense per unit Variable administrative expense per unit IN Total fixed selling expense 22,090 Total fixed administrative expense 15, 903 Beginning merchandise inventory Ending merchandise inventory 25,080 Merchandise purchases 90, 003 Required: Fixed expenses 1. Prepare a traditional income statement. 2 Prepare a contribution format income statement Complete this question by entering your answers in the tabs below