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The Sweet Loo Cream Shoppo told 8,900 servings of ice cream during June for $4 per serving. The shop purchases the ice cream in large

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The Sweet Loo Cream Shoppo told 8,900 servings of ice cream during June for $4 per serving. The shop purchases the ice cream in large tubs from the Golden Ice Cream Company Each tub costs the shop $18 and has enough to cream to fill 40 ice cream cones. The shop purchases the ice cream cones for $0.25 each from a local warehouse club. Located in an outdoor mat, the rent for the shop space is $1,700 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 $2.400 of other operating expenses (75% of those were fixed costs). Read the requirements Requirement 1. Prepare The Sweet loe Cream Shoppe's June Income statement using a traditional format The Sweet Ice Cream Shoppe Income Statement For the Month Ended June 30 Sales revenue 35000 Lost Cost of goods sold Gross profit Less Operating expenses Lease exponse Depreciation expense Other Opering expenses Operating income Requirement 2. Prepare The Sweet Ice Cream Shoppe's June income statement using a contribution margin format The Sweet Ice Cream Shoppe Contribution Margin Income Statement For the Month Ended June 30 Requirement 2. Prepare The Sweet Ice Cream Shoppe's June income statement using a contribution margin format. 35600 The Sweet Ice Cream Shoppe Contribution Margin Income Statement For the Month Ended June 30 Sales revenue Less 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

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