F%252Ffms.mhede Saved 9 Book Print rences Problem 1-25 (Algo) Traditional and Contribution Format Income Statements [LO1-6] Milden Company is a merchandiser that plans to sell 31,000 units during the next quarter at a selling price of $58 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 Required: Cost Formula $ 28 per unit sold $ 178,000 per quarter 5% of sales $ 48,000 per quarter + $5.00 per unit sold. $ 88,000 per quarter $ 9,800 per quarter $ 58,000 per quarter 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. e to search Required 1 Required 2 Prepare a contribution format income statement for the next quarter. < Prev 9 of 9 Next a 31F