Question: please be detailed and in the same format Cherokee Incorporated is a merchandiser that provided the following information: Amount Number of units sold Selling price

please be detailed and in the same format
please be detailed and in the same format Cherokee Incorporated is a
merchandiser that provided the following information: Amount Number of units sold Selling
price per unit Variable selling expense per unit Variable administrative expense per

Cherokee Incorporated is a merchandiser that provided the following information: Amount 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 Required: 1. Prepare a traditional income statement. 2. Prepare a contribution format income statement. 20,000 $ 30 $4 $2 $ 40,000 $ 30,000 $ 24,000 $ 44,000 $ 180,000 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. Required 1 Required 2 Prepare a traditional income statement. Selling and administrative expenses: Cherokee, Incorporated Traditional Income Statement Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a contribution format income statement. Cherokee, Incorporated Contribution Format Income Statement Variable expenses: Fixed expenses: 0 0

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