Milder Company is a merchandise that plans to sell 39,000 units during the next quarter at a selling price of $55 per unit. The company also gathered the following cost estimates for the next quarter: Cost Cost Formula Cost of good sold $ 28 per unit sold Advertising expense $ 185,000 per quarter Sales commissions 6% of sales Shipping expense $ 51,000 per quarter + $4.00 per unit sold Administrative salaries $ 95,000 per quarter Insurance expense $ 10,500 per quarter Depreciation expense $ 65,000 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