0 Required Information [The following information applies to the questions displayed below.) Shadee Corp. expects to sell 640 sun visors in May and 340 in June. Each visor sells for $19.Shadee's beginning and ending finished goods inventories for May are 80 and 55 units, respectively. Ending finished goods inventory for June will be 60 units. Each visor requires a total of $4.00 in direct materials that includes an adjustable closure that the company purchases from a supplier at a cost of $1.50 each. Shadee wants to have 29 closures on hand on May 1, 20 closures on May 31, and 23 closures on June 30 and variable manufacturing overhead is $2.50 per unit produced. Suppose that each visor takes 0.56 direct labor hours to produce and Shadee pays its workers $8 per hour. Additional information: Selling costs are expected to be 6 percent of sales. Fixed administrative expenses per month total $1,400. Required: Complete Shadee's budgeted income statement for the months of May and June. (Note: Assume that fixed overhead per unit is $1.80.) (Do not round your intermediate calculations. Round your answers to 2 decimal places.) SHADEE CORP Budgeted Income Statement May June Budgeted Sales $ 12,160.00 $ 6.460.00 Budgeted Cost of Goods Sold $ 7.872.00 $ 4,182.00 Beanin 4 Air 2978 calculations. Round your answers to 2 decimal placer SHADEE CORP Budgeted Income Statement May June Budgeted Sales $ 12,160.00 $ 6.460.00 Budgeted Cost of Goods Sold $ 7,872,00 $ 4,182.00 ces Budgeted Gross Margin Budgeted Selling and Administrative Expenses $ 4,288.00 $ 2,278,00 Budgeted Net Operating Income