The Magic Freeze Ice Cream Shoppe sold 9,200 servings of ice cream during June for $3 per serving. The shop purchases the ice cream in large tubs from the Florida Ice Cream Company. Each tub costs the shop $12 and has enough ice cream to fill 30 ice cream cones. The shop purchases the ice cream cones for $0.10 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 $260 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). Read the requirements Requirement 1. Prepare The Magic Freeze Ice Cream Shoppe's June income statement using a traditional format. The Magic Freeze Ice Cream Shoppe Income Statement For the Month Ended June 30 Less Less Requirement 2. Prepare The Magic Freeze Ice Cream Shoppe's June income statement using a contribution margin format. Requirement 2. Prepare The Magic Freeze Ice Cream Shoppe's June income statement using a contribution margin format. The Magic Freeze Ice Cream Shoppe Contribution Margin Income Statement For the Month Ended June 30 Less Less arvings of ice crear op purchases the niture and equipme Contribution margin | Cost of goods sold am Shoppe's June Depreciation expense ent Fixed expenses Lease expense Operating income Other fixed operating expenses Other variable operating expenses Sales revenue Variable expenses