Question 2 What is the easiest way to increase the money you have available for savings
and investments?
A. Read a lot of books on investing.
B. Talk to your friends about investing.
C. Pay off all your high-interest debt such as credit cards and store cards.
D. Start financing more things on your credit cards, so you'll have more
money to invest.

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.