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Check my work Shadee Corp. expects to sell 650 sun visors in May and 400 in June. Each visor sells for $25. Shadee's beginning and ending finished goods inventories for May are 75 and 45 units, respectively, Ending finished goods inventory for June will be 65 units E8-10 (Algo) Preparing Budgeted Income Statement (LO 8-3h) 52 Each visor requires a total of $5,50 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 1.17 closures on May 31, and 25 closures on June 30 and variable manufacturing overhead is $2.00 per unit produced. Suppose that each visor takes 0.60 direct labor hours to produce and Shadee pays its workers $6 per hour. Additional information Selling costs are expected to be 6 percent of sales, Fixed administrative expenses per month total $1,600 Required: Complete Shadee's budgeted income statement for the months of May and JuneNote: Assume that fixed overhead per unit is $6.00) (Do not round your intermediate calculations. Round your answers to 2 decimal places.) SHADEE CORP Budgeted Income Statement Required: Complete Shadee's budgeted income statement for the months of May and June. (Note: Assume that fixed overhead per unit is $6.00.) (Do not round your intermediate calculations. Round your answers to 2 decimal places.) SHADEE CORP. Budgeted Income Statement May June Budgeted Gross Margin Budgeted Net Operating Income