Software solutions was hired by jones company on december 1 to install and updated software. the total entire amount of $1,800 in revenues is to be paid to us by jones company when the job is completed the following january 31. as of december 31, we have completed one half of the software installation and updates. on december 31, software solutions makes the following entry to adjust for the revenues earned during december:

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.