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please solve quickly 4031533 Essen com A Ser SST am Com Mint mail.google.com/mail/u/0/#inbox?projector=1 90% Question No. 2 (4 Marks): Milden Company is a merchandiser that
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4031533 Essen com A Ser SST am Com Mint mail.google.com/mail/u/0/#inbox?projector=1 90% Question No. 2 (4 Marks): Milden Company is a merchandiser that plans to sell 35,000 units during the next year at a selling price of $60 per unit. The company also gathered the following cost estimates for the next year: Cost Cost Formula Cost of goods sold $30 per unit sold Advertising expense $180,000 per year Sales commissions 5% of sales revenue Shipping expense $40,000 per year + $5.00 per unit sold Administrative salaries $90,000 per year Insurance expense $10,000 per year Depreciation expense $60,000 per year Required: 1. Prepare a contribution format income statement for the next year. 2. Prepare a traditional format income statement for the next year Step by Step Solution
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