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The Wilowick loe Crearn Shoppe sold 8,700 servieg 5 of loe ceam during June for $3 per serving The shop purchases the ice cream in

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The Wilowick loe Crearn Shoppe sold 8,700 servieg 5 of loe ceam during June for $3 per serving The shop purchases the ice cream in large tubs trom the Deluae loe Cream Company. Each tut costs the shop $12 and has enough ice cream to 6 . 30 ice cream cones. The shop purchases the ice cream cones for $0.25 each trom a local warehouse cub. Localod in an ouldoce mal, the rent. for the shop space is $1,600 per month. The shop expenses $200 a month for the depreciation of the shop's fumtiture and ecupenent Durng June, the shop incurred an additional $2,600 of obter operating eqpenses (75\% of these were fixod costs). Read the redvicemonts. Requirements 1. Prepare The Willowick Ice Cream Shoppe's June income statement using a traditional format. 2. Prepare The Willowick Ice Cream Shoppe's June income statement using a contribution margin format. Requirement 2. Prepare The Willowick Ice Cream Shoppe's June income statement using a contribution margin format. The Willowick Ice Cream Shoppe Contribution Margin Income Statement For the Month Ended June 30 Less: Less: Contribution margin Cost of goods sold Depreciation expense Fixed expenses Lease expense Operating income Other fixed operating expenses Other variable operating expenses Sales revenue Variable expenses

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