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