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Jay Corporation has provided data from a two-ycar period to aid in planning. The Controller has asked you to prepare a contribution format income statement After analyzing expenses, the company has determined the following cost patterns. Shipping has been determined to be a mixed cost with the following total costs and units: Required: Use the data to answer the following 1. Using the hightow method, determine a cost formula for shipping costs 2. Prepare a contribution margin income statement for Quarter i of 2024. Iay Corporation has decided to prepare contribution income statements for internal planning After analyzing expenses, the comparv has determined the followine cost patterns. Shipping has been determined to be a mixed cost with the following fotal costs and units: Use the data to answer the following. (Use cells A4 to C26 from the given information to complete this question. All answers should be input and displayed as positive values.) 1. Using the high-low method, determine a cost formuta for shipping costs: 2. Prepare a contribution margin income statement for Quarter 1 of 2024