The Sundae Ice Cream Shoppe sold 8,900 servings of ice cream during June for $5 per serving. The shop purchases the ice cream in large tubs from the Amazing Ice Cream Company. Each tub costs the shop $7 and has enough ice cream to fill 20 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 $200 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 Sundae Ice Cream Shoppe's June income statement using a traditional format. The Sundae Ice Cream Shoppe Income Statement For the Month Ended June 30 Requirements Less: Less 1. Prepare The Sundae Ice Cream Shoppe's June income statement using a traditional format 2. Prepare The Sundae Ice Cream Shoppe's June income statement using a contribution margin format. Print Done E6-57B (similar to) Question Help . Cute Cats is a specialty pet gift shop selling exotic pet-related items online. The shop has no physical location. Results for last year are shown next: (Click the icon to view the results.) For internal planning and decision-making purposes, the owner of Cute Cats would like to translate the company's income statement into the contribution margin format. Since Cute Cats is online only, all of its cost of goods sold is variable. A large portion of the selling and marketing expenses consists of freight-out charges ($20,800), which were also variable. Only 20% of the remaining selling and marketing expenses and 25% of the website expenses were variable. Of the other operating expenses, 90% were fixed. Based on this information, prepare Cute Cats' contribution margin income statement for last year. i Data Table Cute Cats Contribution Margin Income Statement For the Year Ended December 31 A B Less: 1 Cute Cats 2 Traditional Income Statement (Absorption Costing) For the Year Ended December 31 3 4 Sales revenue $ 993,000 675,000 318,000 $ Less: 5 Less: Cost of goods sold 6 Gross profit 7 Less operating expenses: 8 Selling and marketing expenses 9 Website maintenance expenses $ 62,000 60,500 10 Other operating expenses 18,600 141,100 11 Operating Income $ 176,900 Choose from any list or enter any number in the input fields and then click Chec Print Done All parts showing Check