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Shadee Corp. expects to sell 560 sun visors in May and 440 in June. Each visor sells for $19. Shadee's beginning and ending finished goods inventories for May are 70 and 50 units, respectively. Ending finished goods inventory for June will be 60 units. Each visor requires a total of $5.00 in direct materials that includes an adjustable closure that the company purchases from a supplier at a cost of $2.00 each. Shadee wants to have 28 closures on hand on May 1, 17 closures on May 31, and 25 closures on June 30 and variable manufacturing overhead is $1.00 per unit produced. Suppose that each visor takes 0.30 direct labor hours to produce and Shadee pays its workers $7 per hour. Additional information: Selling costs are expected to be 9 percent of sales. Fixed administrative expenses per month total $1,200. Required: Complete Shadee's budgeted income st@ent for the months of May and June. (Note: Assume that fixed overhead per unit is $4.00.) (Do not round your intermediate calculations. Round your answers to 2 decimal places.) SHADEE CORP. Budgeted Income Statement May June Budgeted Contribution Margin Budgeted Cost of Goods Sold O Budgeted Interest Expense Budgeted Sales Budgeted Sales Returns and Allowances Budgeted Net Operating Income Alt Text: Table