1. Analyze a mixed cost using a scattergraph plot and the high-low method. 2. Prepare income statements for a merchandising company using the traditional and contribution formats. All answers must be entered as a formula. Click OK to begin. OK To aid in planning, Jay Corporation is preparing a contribution format income statement. 7 15 Management has concluded that shipping expense is a mixed cost. Units shipped and the related shipping cost over the last eight quarters are: 30 1. Using the high-low method, determine a cost formula for chinninn sumanos. 2. Prepare a contribution format income statement for Onarter 1 of Year 2