The Creamery Ice Cream Shoppe sold 8,700 servings of ice cream during June for $5 per serving. The shop purchases the ice cream in large tubs from the Florida Ice Cream Company. Each tub costs the shop $15 and has enough ice cream to fill 30 ice cream cones. The shop purchases the ice cream cones for $0.15 each from a local warehouse club. Located in an outdoor mall, the rent for the shop space is $1,900 per month. The shop expenses $240 a month for the depreciation of the shop's furniture and equipment. During June, the shop incurred an additional $2,500 of other operating expenses (75% of these were fixed costs). Requirement 1. Prepare The Creamery Ice Cream Shoppe's June income statement using a traditional format. The Creamery Ice Cream Shoppe Income Statement For the Month Ended June 30 Less: Less: contribution Requirement 2. Prepare The Creamery Ice Cream Shoppe's June income statement using a contribution margin format. The Creamery Ice Cream Shoppe Contribution Margin Income Statement For the Month Ended June 30 Less: Less: Sales revenue Less: Income Statement For the Month Ended June 30 Cost of goods sold Gross profit Less: Operating expenses Lease expense Depreciation expense Other Operating expenses Operating income The Creamery Ice Cream Shoppe Contribution Margin Income Statement Sales revenue Less: For the Month Ended June 30 Variable expenses Cost of goods sold Other variable operating expenses Contribution margin Less: Fixed expenses Lease expense Depreciation expense Other fixed operating expenses Operating income