Milden Company is a distributor who wants to start using a contribution format income statement for planning purposes. The company has analyzed its expenses and developed the following cost formulas: Cout Cont of good old Advertising expense Salon comissions Shipping expense Administrative salarien TAUTARCO expense Depreciation expense Cont Formula $29 per unit sold $179,000 per quarter B of sales 2 $89.000 per quarter $9.900 per quarter $59,000 per quarter Because shipping expense is a mixed cost, the company needs to estimate the variable shipping expense per unit sold and the fixed shipping expense per quarter using the following data: Units told Quarter Year Pint 50cond Third Pour Yaat 24 Piret Becond Third Your 25,000 27.000 32.000 28,000 Shipping Expense 5 100.000 104,000 5226,000 109,000 26,000 29.000 37.000 34.000 $179.000 113,000 3261.000 $217.000 Required: 1. Using the high low method, estimate a cost formula for shipping expense in the form Yox 2. In the first quarter of Your 3, the company plans to sell 33,000 units at a selling price of $59 per unit Prepare a contribution format income statement for the quarter Required 1 Required 2 Using the high-low method, estimate a cost formula for shipping expense in the form Y-3 + bx. (Round the Variable cost per unit to 2 decimal places.) Required 2 > Required 1 Required 2 In the first quarter of Year 3, the company plans to sell 33,000 units at a selling price of $59 per unit. Prepare a contribution format Income statement for the quarter. Mildon Company Budgeted Contribution Format Income Statement For the First Quarter, Year 3 Variable expenses: Total variable expenses 0 0 Fixed expenses Total foxed expenses 0 $ 0