4 25 Mlden Company is a merchandiser that plans to sell 27,000 units during the next quarter at a selling price of $56 per unit. The company also gathered the following cost estimates for the next quarter Cost Cost Formula Cost of good sola $26 per unit sold Advertising expense $176,000 per quarter Sales commissions 54 of sales Shipping expense $34,000 per quarter 56.00 per unit sold Administrative salaries $86,000 per quarter Insurance expense $9,600 per quarter Depreciation expense 555, e per quarter Book D 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 Company Contribution Format Income Statement For the Next Quarter Variable expenses ME Graw HR 25 otv A MacBook Pro Q Salari Edt View History Bookmarks Window Help tomeducation.com Qon - Chat Chapter 1 Assignment 12 4 Prepare a contration format income statement for the next quarter. Milden Company Contribution Format Income Statement For the Next Quarter 25 points Variable expenses Total variable expenses Contribution margin Faxed expenses Totalfed expenses ME Grow MS