6 Problem 1-25 Traditional and Contribution Format Income Statements [LO1-6] Milden Company is a merchand iser that plans to sell 35,000 units during the next quarter at a selling price of $60 per unit. The company also gathered the following cost estimates for the next quarter 80 points Cost Formula Cost Cost of good sold $30 per unit sold rt se per quarter eBook $40,000 per quarter $5.00 per unit sold $90,000 per quarter $10,000 per quarter $60,000 per quarter Shipping expense Administrative salaries Insurance expense Depreciation expense Print Required: 1. Prepare a contribution format income statement for the next quarter 2. Prepare a traditional format income statement for the next quarter References