The Old Tyme Ice Cream Shoppe sold 8,800 servings of ice cream during June for $3 per serving. The shop purchases the ice cream in large tubs from the Creamy Ice 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 $0.20 each from a local warehouse club. Located in an outdoor mall, the rent for the shop space is $2,050 per month. The shop expenses $210 a month for the depreciation of the shop's furniture and equipment. During June, the shop incurred an additional $2,900 of other operating expenses (75% of these were fixed costs) Read the requirements Requirement 1. Prepare The Old Tyme Ice Cream Shoppe's June income statement using a traditional format. The Old Tyme Ice Cream Shoppe Income Statement For the Month Ended June 30 Less Less Requirement 2. Prepare The Old Tyme Ice Cream Shoppe's June income statement using a contribution margin format. The Old Tyme Ice Cream Shoppe Contribution Margin Income Statement For the Month Ended June 30 Less: Less i Requirements X 1. Prepare The Old Tyme Ice Cream Shoppe's June income statement using a traditional format 2. Prepare The Old Tyme Ice Cream Shoppe's June income statement using a contribution margin format. Print Done