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: 4 Cost Cost of good sold Advertising expense Sales commissions shipping expense Administrative salaries Insurance expense Depreciation expense Cost Formula $31 per unit sold $187,000 per quarter 6% of sales $45,000 per quarter $4.00 per unit sold $97,000 per quarter $10,700 per quarter $67,000 per quarter 3.5 points 00:34:52 References Required: 1. Prepare a contribution format income statement for the next quarter. 2. Prepare a traditional format income statement for the next quarter. Required: 1 Prepare a contribution format income statement for the next quarter. 2. Prepare a traditional format income statement for the next quarter. 4 Complete this question by entering your answers in the tabs below. 3.5 points Required Required 2 Prepare a contribution format income statement for the next quarter Milden Contribution Format Income Statement References For the Next Quarter Variable expenses: Total variable expenses Contribution margin Fixed expenses Total fixed expenses Required 2> Required 1 1. Prepare a contribution format income statement for the next quarter. 2. Prepare a traditional format income statement for the next quarter. 4 Complete this question by entering your answers in the tabs below. 3.5 Required 1 Required 2 Prepare a traditional format income statement for the next quarter. Traditional Format Income Statemont References For the Next Quarter Selling and administrative expenses: Total selling and administrative expenses Required 1 Requirad 2