2. In the first quarter of Year 3, the company plans to sell 29,000 units at a selling price of $54 per unit. Prepare a contribution format income statement for the quarter. (Do not round your intermediate calculations.) Milden Company Budgeted Contribution Format Income Statement For the First Quarter, Year 3 Sales $ 1,566,000 Variable expenses Cost of goods sold Sales commissions Shipping expense $ 696,000 125,280 319,000 Total variable expenses Contribution margin Fixed expenses 1,140,280 425,720 Advertising expense Shipping expense Administrative salaries Insurance expense Depreciation expense Total fixed expenses 0 et operating income $425,720