+ look Print erences Milden Company is a merchandiser that plans to sell 33,000 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 of good sold Advertising expense" Sales commissions Shipping expense Administrative salaries Insurance expense Depreciation expense Required: Cost Formula $25 per unit sold $182,000 per quarter 5% of sales $32,000 per quarter +$5.00 per unit sold $92,000 per quarter $10,200 per quarter $62,000 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. Required 1 Required 2 Prepare a contribution format income statement for the next quarter. Milden Company Contribution Format Income Statement For the Next Quarter Sales Variable expenses: Cost of anods sold $ 1,815,000 s 825 000l 14 Milden Company Contribution Format Income Statement For the Next Quarter. 10.77 points. Sales Variable expenses: Cost of goods sold eBook Sales commissions Shipping expense Print References Total variable expenses Contribution margin Fixed expenses: $ 825,000 90,750 165,000 $ 1,815,000 1,080,750 734,250 0 Total fixed expenses 14 Required 1 Required 2 10.77 points. Prepare a traditional format income statement for the next quarter. Milden Company Traditional Format Income Statement For the Next Quarter eBook Print References Selling and administrative expenses: Total selling and administrative expenses 0 < Required 1 Required 2 >