Chapter 1 o 3 668 points Slapped eBook Print Refere nces company also gathered the following cost estimates for the next quarter. Cast Cast Formula Cost of good sold $34 per unit 501d Advertising expense $198,880 per quarter Sales :ommissions 5% of sales Shipping expense $36,888 per quarter + $ 4.80 per unit sold Administrative salaries $168,888 per quarter Insurance expense $11,888 per quarter Depreciation expense $76,888 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 queslion by entering your answers in the labs below. Required 1 Required 2 Save 8: Exil Check my work 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 Help Submit Prepare a traditional format income statement for the next quarter. Hill 103Chapter 1 i Saved Help Save & Exit Submit Q Check my work 3 Prepare a contribution format income statement for the next quarter. Milden Company Contribution Format Income Statement 6.68 For the Next Quarter points O Skipped Administrative salaries eBook Advertising expense Print Beginning merchandise inventory References Cost of goods sold 0 Q Contribution margin + Fixed expenses: Mc Graw Hill