Milden Company is a merchandiser that plans to sell 37,000 units during the next quarter at a selling price of $55 per unit. The company also gathered the following cost estimates for the next quarter: Cost Cost of good sold Advertising expense. Sales commissions Shipping expense Administrative salaries Insurance expense Depreciation expense Required: Cost Formula $ 27 per unit sold. $ 184,000 per quarter 5% of sales $ 24,000 per quarter +$5.00 per unit sold $ 94,000 per quarter $ 10,400 per quarter $ 64,000 per quarter 1. Prepare a contribution format income statement for the next quarter. 2. Prepare a traditional format income statement for the next quarter.