omework Savad Milden Company is a merchandiser that plans to sell 23,000 units during the next quarter at a selling price of $51 per unit. The company also gathered the following cost estimates for the next quarter Cost Cost Formula Cost of good sold $21 per unit sold Advertising expense $171,000 per quarter Sales commissions 6% of sales Shipping expense 542,000 per quarter + $7.00 per unit sold Administrative salaries $81,000 per quarter Insurance expense 39,100 per quarter Depreciation expense 351,000 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 contribution format income statement for the next quarter. Milden Company Contribution Format Income Statement For the Next Quarter Variable expenses 0 Total variable expenses Contribution margin D Milden Company Contribution Format Income Statement For the Next Quarter Variable expenses Total variable expenses Contribution margin Fixed expenses Total fixed expenses 0 Regard Required Milden Company is a merchandiser that plans to sell 23.000 units during the next quarter at a selling price of $51 per unit. The company also gathered the following cost estimates for the next quarter Cost Cost of good sold Advertising expense Sales commissions Shipping expense Administrative salaries Insurance expense Depreciation expense Cost Formula $21 per unit sold $121,000 per quarter 6X of Sales 542,000 per quarter + $7.00 per unit sold $81,000 per quarter 39,100 per quarter $51,000 per quarter Required: t. 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. es Required 1 Required 2 Prepare a traditional format income statement for the next quarter DO Milden Company Traditional Format Income Statement For the Next Quartet Selling and administrative expenses