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 Cost Cost of good sold Advertising expense Sales comissions Cost Formula $31 per unit sold $187,000 per quarter 61 of sales $45,000 per quarter + $4.00 per unit sold $97,000 per quarter $10,700 per quarter $67,000 per quarter Shipping expense Administrative salaries Insurance expense Depreciation expense Required: L 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 Required 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 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