Milden Company is a merchandiser that plans to sell $43,000$ 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:

$\backslash$table$[[$Cost$,$$$31$ per unit sold$],[$Cost of good sold,$$187,000$ per quarter$],[$Advertising expense,$6\%$ of sales$],[$Sales commissions,$$45,000$ per quarter $+$$$4\mathrm{.}00$ per unit sold$],[$Shipping expense,$$97,000$ per quarter$],[$Administrative salaries,$$10,700$ per quarter$],[$Insurance expense,$$67,000$ per quarter$]]$

Required:

Prepare a contribution format income statement for the next quarter.

Prepare a traditional format income statement for the next quarter.