Milden Company Is a merchandiser that plans to sell 12,000 unlts during the next quarter at a selling price of $100 per unit. The company also gathered the folowing cost estimates for the next quarter Cost Cost Formula $35 per unit sold $210,eee per quarter Cost of good sold Advertising expense Sales commissions 6% of sales $28,000 per quarter $9.10 per unit sold $145,eee per quarter $9,000 per quarter $76,000 per quarter Shipping expense Adninistrative salaries Insurance expense Depreciation expense Required: 1. Prepare a contribution format Income statement for the next quarter. 2. Prepare a traditional format Income statement for the next quarter