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(Solved): Required: 1. Prepare a traditional income statement. 2. Prepare a contribution format income state ...



Required:
1. Prepare a traditional income statement.
2. Prepare a contribution format income statement.
Complete this questioRequired:
1. Prepare a traditional income statement.
2. Prepare a contribution format income statement.
Complete this questio

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. Prepare a traditional income statement. 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. Prepare a contribution format income statement.


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Cherokee IncTraditional Income statementSales$238,000Less: Cost of goods sold$71,000Gross margin (a)$167,000Selling and administrative expenses:Sellin
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