P6-64A Prepare traditional and contribution margin income statements (Learning Objective 6) The Willowick Ice Cream Shoppe sold 8,700 servings of ice cream during June for $3 per serving. The shop purchases the ice cream in large tubs from the Deluxe Ice Cream Company. Each tub costs the shop $12 and has enough ice cream to fll 30 ice cream cones. The shop purchases the ice cream cones for $0.25 each from a local ware house club. Located in an outdoor mall, the rent for the shop space is $1,600 per month. The shop expenses $200 a month for the depreciation of the shop's furniture and equipment. During June, the shop incurred an additional $2,600 of other operating expenses (75% of these were fixed costs). Requirements 1. Prepare The Willowick Ice Cream Shoppe's June income statement using a traditional format 2. Prepare The Willowick Ice Cream Shoppe's June income statement using a contribu- tion margin format