Homework Saved Milden Company is a merchandiser that plans to sell 37,000 units during the next quarter at a selling price of $55 per unit. The company also gathered the following cost estimates for the next quarter: Cost Cost Formula Cost of good sold $27 per unit sold Advertising expense $184, 000 per quarter Sales commissions 5% of sales Shipping expense $24, 000 per quarter + $ 5.00 per unit sold Administrative salaries $94, 000 per quarter Insurance expense $10,400 per quarter Depreciation expense $64, 000 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. ces Complete this question by entering your answers in the tabs below. Required 1 Required 2