23- ter 01 Problems Help Sa Milden Company is a merchandiser that plans to sell 31,000 units during the next quarter at a selling price of $55 per unit. The company also gathered the following cost estimates for the next quarter Cost of good sold Advertising expense Sales commissions Shipping expense Administrative salaries $175,000 per quarter $60,000 per quarter $5.00 per unit sold $85,000 per quarter $9,500 per quarter $55,000 per quarter Depreciation expense Required 1. Prepare a contribution format income statement for the next quarter 2. Prepare a traditional format income statement for the next quarter. Complete this question by entering your answers in the tabs below Required 1 Required 2 Prepare a contribution format income statement for the next quarter. Milden For the Next Quarter Chee n format i Required 1 Required 2 Prepare a contribution format income statement for the next quarter. Milden Company Income For the Next Quarter es Total fixed expenses ot 4 Next 06- Chapter 01 Problems 4 For the Next Qu Total selling and a Required 1