Jay Corporation has provided data from a two-year perlod to ald in planning. The Controlier has asked you to prepare a contribution format Income statement. After analyzing expenses, the company has determined the following cost patterns. Shipping has been determined to be a mixed cost with the following total costs and units: Required: Use the dota to answer the following. 1. Using the high-low method, determine a cost formula for shipping costs. 2. Prepare a contribution margin income statement for Guarter 1 of 2024 . Navigation: 1. Use the Open Excel in New Tab button to launch this question: 2. When finished in Excel, use the Save and Return to Assignment button in the Iowot ngorta tretum to Connect Uhe the data to anveer the fellowise. 1. Uine ton hightow mithed, delermine s cont formala for Mipping coth. 13. 34. 2. Prepare a contribution margin income statement for Quarter 1 of 2024