Required information {The following infomaon applies to the questions displayed below} Shadee Corp. expects to sell 590 sun visors in May and 420 in June. Each visor sells for $120. Shadee's beginning and ending nished goods inventories for May are 70 and 45 units. respectively. Ending nished goods inventory for June will be 55 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 oost of $1.50 each. Shadee wants to have 30 closures on hand on May 1, 1? closures on May 31, and 26 closures on June 30 and variable manufacturing overhead is $1.25 per unit produced. Suppose that each visor takes 0.30 direct labor hours to produce and Shadee pays its workers $9 per hour. Additional information: - Selling costs are expected to be 11 percent of sales. - Fixed administrative expenses per month total $1.300. Required: Complete Shadee's budgeted income statement for the months of May and June. (Note: Assume that xed overhead per unit is $4.00.} {Do not round your intermediate calculations. Round your answers to 2 decimal places.) Required: Complete Shadee's budgeted income statement 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 Sales Budgeted Cost of Goods Sold Budgeted Gross Margin Budgeted Net Operating IncomeBudgeted Contribution Margin Budgeted Cost of Goods Sold Budgeted Interest Expense Budgeted SalesBudgeted Cost of Goods Sold Budgeted Interest Expense Budgeted Sales Budgeted Sales Returns and Allowances Budgeted Selling and Administrative Expenses