Assignment 6 Saved Mlilden Company is a merchandiser that plans to sell 35,000 units during the next quarter at a selling price of $56 per company also gathered the following cost estimates for the next quarter Cost Cost of good sold Advertising expense Sales commissions Shipping expense Administrative salaries Insurance expense Depreciation expense Cost Formula $26 per unit sold $183,ee0 per quarter 6% of sales $57,ee0 per quarter $4.ee per unit sold $93,800 per quarter $10,300 per quarter $63,e00 per quarter 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 Prev 1 of 3E Next> ignment Contribution Format Income Statement For the Next Quarter Variable expenses: Total variable expenses Contribution margin Fixed expenses: Total fixed expenses Required 2 Prepare a traditional format income statement for the next guarter. Milden Company Traditional Format Income Statement For the Next Quarter Selling and administrative expenses Total selling and administrative expenses