Karen's Ice Cream Shoppe sold 9,400 servings of ice cream during June for $5 per serving. Karen purchases the ice cream in large tubs from the Dream Ice Cream Company. Each tub costs Karen $11 and has enough ice cream to fill 20 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 $2,250 a month to lease the space. Karen expenses $300 a month for the depreciation of the shop's furniture and equipment. During June, Karen incurred an additional $2,500 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 Operating expenses: Operating income