For each type of information given, classify it under one of the six main categories of information included in an environment scan:
demographics
society and culture
the economy
competition
government
technology
1. the average age of the population is older than it was 10 years
2.the state in which your business operates has recently enacted a regulation that prohibits indoor smoking.

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.