Milden Company is a merchandiser that plans to sell 41,000 units during the next quarter at a selling price of $59 per unit. The company also gathered the following cost estimates for the next quarter: Cost Cost Formula Cost of good sold $ 38 per unit sold Advertising expense $ 186, 838 per quarter sales commissions 5k of sales Shipping expense $ 16, 808 per quarter + $5.08 per unit sold Administrative salaries $ 96, 080 per quarter Insurance expense $ 10, 608 per quarter Depreciation expense $ 66, 838 per 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. Required 1 Required 2 Prepare a contribution format income statement for the next quarter. Milden Company Contribution Format Income Statement For the Next Quarter Variable expenses: Total variable expenses Contribution margin Fixed expenses Total fixed expenses Milden Company is a merchandiser that plans to sell 41,000 units during the next quarter at a selling price of $59 per unit. The company also gathered the following cost estimates for the next quarter. Cost cost Formula Cost of good sold $ 30 per unit sold Advertising expense $ 186,030 per quarter Sales commissions 5% of sales Shipping expense $ 16,000 per quarter + $5.00 per unit sold nistrative salaries $ 96,000 per quarter Insurance expense $ 10,600 per quarter Depreciation expense $ 66,000 per 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. Required 1 Required 2 Prepare a traditional format income statement for the next quarter. Milden Company Traditional Format Income Statement For the Next Quarter Selling and administrative expenses Total selling and administrative expenses 0 Required 1 Required 2 >