Each shade requires a total of $60.00 in direct materials that includes 4 adjustable poles that cost $5.00 each. Shadee expects to have 130 in direct materials inventory on May 1.100 poles in inventory on May 31 , and 110 poles in inventory on June 30. Suppose that each shade takes three direct labor hour to produce and Shadee pays its workers $15 per hour. Additionally. Shadee's fixed manufacturing overhead is $8. oo0 per month. and variable manufacturng overhead is $15 per unit produced. Additional information: - Selling costs are expected to be 10 percent of sales. - Fixed administrative expenses per month total \$1,500. Required: Prepare Shades s budgeted income statement for the months of May and June. Note: Do not round your intermediate calculations. Round your answers to 2 decimal places