Hi!

I think I'm missing expenses but I'm unsure what they would be. Can you help?

Chapter 1: Homework i Submitted 9.34/10 Total points awarded Help Exit Explanation Show correct answers 4 Problem 1-25 Traditional and Contribution Format Income Statements [LO1-6] Milden Company is a merchandiser that plans to sell 12,000 units during the next quarter at a selling price of $100 per unit. The 2.34/3 company also gathered the following cost estimates for the next quarter: points awarded Cost Cost Formula Cost of good sold $35 per unit sold Scored Advertising expense $210,000 per quarter Sales commissions 6% of sales Shipping expense $28,000 per quarter + $9.10 per unit sold eBook Administrative salaries $145, 000 per quarter Insurance expense $9,000 per quarter Depreciation expense $76,000 per quarter 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. Complete this question by entering your answers in the tabs below. Required 1 Required 2 repare a traditional format income statement for the next quarter. Mc Graw EducationChapter 1: Homework i Saved Help Save & Exit Submit Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Return to question P Prepare a traditional format income statement for the next quarter. Milden Company Traditional Format Income Statement 3 For the Next Quarter points Sales 1,200,000 Cost of goods sold 420,000 Gross margin 780,000 Selling and administrative expenses Administrative salaries $ 145,000 Sales commission 72,000 Total selling and administrative expenses 217,000 Net operating income $ 563,000 X Mc Graw Education