Milden Company is a merchandiser that plans to sell 35,000 units during the next quarter at a selling price of $60 per unit. The company also gathered the following cost estimates for the next quarter: Required: 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. Prepare a contribution format income statement for the next quarter. Prepare a contribution format income statement for the next quarter. \begin{tabular}{|l|l|l|} \hline & & \\ \hline Total variable expenses & & \\ \hline Contribution margin & & \\ \hline Fixed expenses: & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline Total fixed expenses & & \\ \hline \end{tabular} Milden Company Traditional Format Income Statement For the Next Quarter \begin{tabular}{|l|l|l|} \hline Selling and administrative expenses: & \\ \hline \end{tabular}