Milden Company is a merchandiser that plans to sell 35,000 units during the next quarter at a selling price of $56 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 $26 per unit sold $183, ese per quarter 6% of sales $57,eee per quarter + $4.ee per unit sold $93,889 per quarter $19,30 per quarter $63,000 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 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: Total variable expenses Contribution margin Fixed expenses Total fixed expenses Required 2 > Required 1 Required 2 Prepare a traditional format income statement for the next quarter. 33 oints Milden Company Traditional Format Income Statement For the Next Quarter eBook Print Selling and administrative expenses: References Total selling and administrative expenses 0