2. Milden Company is a merchandiser that plans to sell 43,000 units during the next quarter at a selling price of $67 per unit. The company also gathered the following cost estimates for the next quarter: Cost Cost Formula Cost of good sold $34 per unit sold Advertising expense $190, 000 per quarter Sales commissions 50 of sales $36, 000 per quarter + $4.00 per unit Shipping expense sold Administrative salaries $100,000 per quarter Insurance expense $11, 000 per quarter Depreciation expense $70, 000 per quarter Required: 2-1. Prepare a contribution format income statement for the next quarter. Prepare a contribution format income statement for the next quarter. Milden Company Contribution Format Income Statement For the Next Quarter Variable expanses: Total variable expenses Contribution margin Fixed expenses: Total fixed expenses2-2. Prepare a traditional format income statement for the next quarter. Prepare a traditional format income statement for the next quarter. Milden Company Traditional Format Income Statement For the Next Quarter Selling and administrative expenses: Total selling and administrative expenses