Check my we Required information The following information applies to the questions displayed below] Shadee Corp. expects to sell 520 sun visors in May and 420 in June Eoch visor sells for $19. Shadee's beginning and ending finished goods inventories for May ore 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 31 closures on hand on May 1, 23 closures on May 31 and 27 closures on June 30 and variable manufacturing overhead is $2.25 per unit produced. Suppose that each visor takes 0.36 direct labor hours to produce and Shadee pays its workers $11 per hour Additional information Selling costs are expected to be 11 percent of sales Fixed administrative expenses per month total $1100 Required: Complete Shadee's budgeted Income statement for the months of May and June (Note: Assume that fixed overhead per unit is $2.00) (Do not round your Intermediate calculations. Round your answers to 2 decimal places.) Required information Complete Shadee's budgeted income statement for the months of May and June (Note: Assume that fixed overhead per unit is $2.00) (Do not round your intermediate calculations. Round your answers to 2 decimal places.) SHADEE CORP. Budgeted Income Statement May Budgeted Cost of Goods Sold Budgeted Sales June Budgeted Gross Margin Budgeted Selling and Administrative Expenses Budgeted Net Operating Income