Julie has a desk right next to her manager's office. whenever her manager is in the office, julie makes sure that she works hard at her computer. however, when the manager is away from his office, she often works much more slowly and takes many breaks. in this case, the manager being in his office is acting as for working hard.

Cherokee inc. is a merchandiser that provided the following information: amount number of units sold 20,000 selling price per unit $ 30 variable selling expense per unit $ 4 variable administrative expense per unit $ 2 total fixed selling expense $ 40,000 total fixed administrative expense $ 30,000 beginning merchandise inventory $ 24,000 ending merchandise inventory $ 44,000 merchandise purchases $ 180,000 required: 1. prepare a traditional income statement. 2. prepare a contribution format income statement.