Milden Company is a merchandiser that plans to sell 31,000 units during the next quarter at a selling price of $55 per unit. The for the next quarter Cost Cost of good sold Advertising expense Sales commissions Shipping expense 175,000 per quarter $60,000 per quarter $5-00 per unit sold 85.000 per quarter $9,500 per quarter 55, 000 per quarter Insurance expense Depreciation ex Required: 1. Prepare a contribution format income statement for the next quarter 2. Prepare a traditional format income statement for the next quarter