Milden Company is a merchandiser that plans to sell 41,000 units during the next quarter at a selling price of $66 per unit. The company also gathered the following cost estimates for the next quarter:

Cost	Cost Formula
Cost of good sold	$33 per unit sold
Advertising expense	$189,000 per quarter
Sales commissions	6% of sales
Shipping expense	$39,000 per quarter + $4.00 per unit sold
Administrative salaries	$99,000 per quarter
Insurance expense	$10,900 per quarter
Depreciation expense	$69,000 per quarter

1. Prepare a contribution format income statement for the next quarter.

2. Prepare a traditional format income statement for the next quarter.