You received partial credit in the previous attempt View previous attempt Check my work Cherokee Inc. is a merchandiser that provided the following information: TA 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 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 here to search 99- tomework Saved Help Save & Exit Submit You received partial credit in the previous attempt. View previous attempt Check my work Required 1 Required 2 Prepare a traditional income statement. 600,000 160.000 Cherokee, Inc Traditional Income Statement Sales Cost of goods sold Gross margin Selling and administrative expenses Administrative expenses 120.000 70 000 440.000 190 000 Net operating income Require here to search 99