Required Information SB Exercise EB-5 to E8-10 The following Information applies to the questions espeyed below.) Shabee Corp. expects to sell 560 sun visars in Mey end 440 m June. Each viser sels for $30 Shadee's beginning and ensing finished goods inventories for May are 85 and 40 units, respectively. Ending finished goods inventory for June will be 65 units. E8-10 (Algo) Preparing Budgeted Income Statement [LO 8-3h] Esch vor requires a total of $5.00 in direct materials that includes an adjustable closure that the company purchases from suppler at a cost of $2.50 each. Snadee want to have 30 closures on and on Misy 2 19 closures on May 31 ans 25 cosures on June 30 and variable manufacturing overhead 1$2.50 per unit produces. Suppose tnstesch visor take: 0.66 direct sbor hours to produce and Shadee Days its workers S12 per hour Additional information Selling costs are expected to be 10 percent of sales, Fixed administrative expenses per month tots $100. Required: Complete Shadee's budgeted Income sistement for the months of May and June. (Note: Assume that fixed overhead per unit to $3.00.1 (Do not round your Intermediate calculations. Round your answers to 2 decimal places.) SHADEE CORP Budgeted Income statement May June Budotad Gross Mergin Budgeted Net Operating Income