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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 13,gee 17 S 20,000 14,000 s 8,00e $23,000 s 9e,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. Cherokee, Inc Traditional Income Statement Selling and administrative expenses: Required 2 >
Required: Prepare a traditional income statemen 2 Prepare a contribution format income statement Complete this question by entering your answers in the tabs below. Required 1Required 2 Prepare a contribution format income statement. Cherokee, Inc. Contribution Format Income Statement Variable expenses: Fixed expenses: 《 Required 1
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