Check my work View previol Milden Company Contribution Format Income Statement For the Next Quarter points Variable expenses: (8 02:48:57 eBook Print References Total variable expenses Contribution margin Fixed expenses Total fixed expenses Problem 1-25 Traditional and Contribution Format Income Statements (LO1-6] Milden Company is a merchandiser that plans to sell 23,000 units during the next quarter at a selling price of $51 per un company also gathered the following cost estimates for the next quarter: 2 points (8 02:49:46 Cost Cost of good sold Advertising expense Sales commissions Shipping expense Administrative salaries Insurance expense Depreciation expense Cost Formula $21 per unit sold $171,000 per quarter 6% of sales $42,000 per quarter + $7.00 per unit sold $81,000 per quarter $9,100 per quarter $51,000 per quarter eBook Print References Required: 1. Prepare a contribution format income statement for the next quarter. 2. Prepare a traditional format income statement for the next quarter