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The Magic Freeze lce Cream Shoppe sold 8,700 servings of ice cream during June for $3 per serving. The shop purchases the ice cream in

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The Magic Freeze lce 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 Golden lce Cream Company. Each tub costs the shop $14 and has enough ice cream to fill 28 ice cream cones. The shop purchases the ice cream cones for $0.05 each from a local warehouse club. Located in an outdoor mall, the rent for the shop space is $1,800 per month. The shop expenses $220 a month for the depreciation of the shop's furniture and equipment. During June, the shop incurred an additional $2,000 of other operating expenses (75\% of these were fixed costs). Requirements 1. Prepare The Magic Freeze Ice Cream Shoppe's June income statement using a traditional format. 2. Prepare The Magic Freeze Ice Cream Shoppe's June income statement using a contribution margin format. Requirement 1. Prepare The Magic Freeze Ice Cream Shoppe's June income statement using a traditional format. Requirement 2. Prepare The Magic Freeze lce Cream Shoppe's June income statement using a contribution margin foqpnat

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