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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 3perserving.

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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 3perserving. TheshoppurchasestheicecreaminlargetubsfromtheDeluxelceCreamCompany. Eachtubcoststheshop12 and has enough ice cream to fill 30 ice cream cones. The shop purchases the ice cream cones for 0.25eachfromalocalwarehouseclub. Locatedinanoutdoormall, therentfortheshopspaceis1,600 per month. The shop expenses P6-64A 200amonthforthedepreciationoftheshop'sfurnitureandequipment. DuringJune, theshopincurredanadditiona2,600 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 contribution margin format

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