Milden Company is a merchandiser that plans to sell $29,000$ units during the next quarter at a selling price of $$57$ per unit. The company also gathered the following cost estimates for the next quarter:

$\backslash$table$[[$Cost$,$Cost Formula$],[$Cost of good sold,$$27$ per unit sold$],[$Advertising expense,$$177,000$ per quarter$],[$Sales commissions,$6\%$ of sales$],[$Shipping expense,$$75,000$ per quarter $+$$$4\mathrm{.}00$ per unit sold$],[$Administrative salaries,$$87,000$ per quarter$],[$Insurance expense,$$9,700$ per quarter$],[$Depreciation expense,$$57,000$ per quarter$]]$

Required:

Prepare a contribution format income statement for the next quarter.

Prepare a traditional format income statement for the next quarter.