need correct answer for both parts pare a GVIDUTION FUIT HoveCHL2. Prepare a contribution format income statement.Complete this question by entering your answers in the tabs below.Required 1 Required 2Prepare a traditional income statement.Cherokee, IncorporatedTraditional Income StatementSalesCost of goods soldGross marginSelling and administrative expenses:Selling expensesAdministrative expensesNet operating income000>>Answer is complete but not entirely correct.Os34,00039,00073,000$ 192,00073,000119,000$146,00046,000Required 2 >Kerst Cherokee Incorporated is a merchandiser that provided the following information:Number of units soldSelling price per unitVariable selling expense per unitvariable administrative expense per unitTotal fixed selling expenseTotal fixed administrative expenseBeginning merchandise inventoryEnding merchandise inventoryHerchandise purchasesRequired:1. Prepare a traditional income statement.2. Prepare a contribution format income statementRequired 1 Required 2Prepare a traditional income statement.Cherokee, IncorporatedTraditional Income StatementSalesCost of goods soldAmount90012,000$ 16$2$2Complete this question by entering your answers in the tabs below.$ 21,000$ 14,000$10,000$ 24,000$88.000Answer is complete but not entirely correct.192,00073.00041908

Name: need correct answer for both parts pare a GVIDUTION FUIT HoveCHL2. Pre
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Description: need correct answer for both parts pare a GVIDUTION FUIT HoveCHL2. Prepare a contribution format income statement.Complete this question by entering your answers in the tabs below.Required 1 Required 2Prepare a traditional income statement.Cherokee,