Karen's Ice Cream Shoppe sold 9.000 servings of ice cream during June for $4 per serving. Karen purchases the ice cream in large tubs from the Glacier Ice Cream Company. Each tub costs Karen $14 and has enough ice cream to fill 35 ice cream cones. Karen purchases the ice cream cones for $0 20 each from a local warehouse club. Karen's Shoppe is located in a local strip mall, and she pays $1,850 a month to lease the space. Karen expenses $250 a month for the depreciation of the shop's fumiture and equipment. During June, Karen incurred an additional $3,400 of other operating expenses (75% of these were fixed costs). Requirements 1. Prepare Karen's June income statement using a traditional format 2. Prepare Karen's June Income statement using a contribution margin format Requirement 1. Prepare Karen's June income statement using a traditional format. Karen's Ice Cream Shoppe Income Statement For the Month Ended June 30 009 tion 969 Operating expenses otel esear Karen's Ice Cream Shoppe Income Statement For the Month Ended June 30 09 Operating expenses: tel Operating income sear Choose from any list or enter any number in the input fields and then continue to the next question warehouse dus aren's Shoppe is located in a local strip mall, and she pays $1,850 a the shop's furniture and equipment. During June, Karen incurred an additional $3,400 of Requirements 1. Prepare Karen's June income statement using a traditional format. 2. Prepare Karen's June income statement using a contribution margin format. Karen's Ice Cream Shoppe Income Statement For the Month Ended June 30 _009 Hotel Cost of goods sold Depreciation expense Gross profit Lease expense Other operating expenses Other operating income Sales revenue Total operating expenses Choose from any list or enter any number in the input fields and then continue to the next question. Resear O A sur 4 of 26 (2 complei Karen's Ice Cream Shoppe sold 9,000 servings of ice cream during June for $4 per serving. K Company. Each tub costs Karen $14 and has enough ice cream to fill 35 ice cream cones. Kar warehouse club. Karen's Shoppe is located in a local strip mall, and she pays $1,850 a month the shop's furniture and equipment. During June, Karen incurred an additional $3,400 of other Requirements 1. Prepare Karen's June income statement using a traditional format. 2. Prepare Karen's June income statement using a contribution margin format. Karen's Ice Cream Shoppe Contribution Margin Income Statement For the Month Ended June 30 . y DO! Hotel Resear Operating income Choose from any list or enter any number in the input fields and then continue to the next question. uestion: 7 pris 4 of 26 (2 comp n's Ice Cream Shoppe sold 9,000 servings of ice cream during June for $4 per serving Sany. Each tub costs Karen $14 and has enough ice cream to fill 35 ice cream cones. + house club. Karen's Shoppe is located in a local strip mall, and she pays $1,850 a mon shop's furniture and equipment. During June, Karen incurred an additional $3,400 of othe uirements Prepare Karen's June income statement using a traditional format. Prepare Karen's June income statement using a contribution margin format. Karen's Ice Cream Shoppe Contribution Margin Income Statement For the Month Ended June 30 v Contribution margin Cost of goods sold Depreciation expense Fixed expenses: Lease expense Other fixed operating expenses Other variable operating expenses Sales revenue Variable expenses Operating income
