Jane's Ice Cream Shoppe sold $9,500$ servings of ice cream during June for $$4$ per serving. Jane purchases the ice cream in large tubs from the Amazing Ice Cream Company. Each

tub costs Jane $$7$ and has enough ice cream to fill $20$ ice cream cones. Jane purchases the ice cream cones for $$0\mathrm{.}25$ each from a local warehouse club. Jane's Shoppe is located in

a local strip mall, and she pays $$1,900$ a month to lease the space. Jane expenses $$260$ a month for the depreciation of the shop's furniture and equipment. During June, Jane

incurred an additional $$2,700$ of other operating expenses $(75\%$ of these were fixed costs$).$

Requirements

Prepare Jane's June income statement using a traditional format.

Prepare Jane's June income statement using a contribution margin format.