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not sure how to do this Q: Milden Company is a merchandiser that plans to sell 12,000 units during the next quarter at a selling

not sure how to do this

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Q: Milden Company is a merchandiser that plans to sell 12,000 units during the next quarter at a selling price of $100 per unit. The company also Cost Cost Formula gathered the following cost estimates for the next quarter: Cost of good sold . . . . . . $35 per unit sold Advertising expense $210,000 per quarter . Required: Sales commissions . . . . .. 6% of sales Shipping expense . .. .. . .. .. $28,000 per quarter + $9.10 per unit sold 1. Prepare a contribution format income statement for the next quarter. Administrative salaries . . . ... $145,000 per quarter Insurance expense . . . . .. $9,000 per quarter 2. Prepare a traditional format income statement for the next quarter. Depreciation expense . . . . . . . $76,000 per quarter

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