! Required information The following information applies to the questions displayed below! Shadee Corp, expects to sell 620 sun visors in May and 370 in June. Each visor sells for $25. Shadee's beginning and ending finished goods inventories for May are 80 and 45 units, respectively, Ending finished goods Inventory fot June will be 50 units Each visor requires a total of $4.50 in direct materials that includes an adjustable closure that the company purchases from a suptiller at a cost of $2.00 each. Shadee wants to have 28 closures on hand on May 1.17 closures on May 31, and 24 closures on June 30 and variable manufacturing overhead is $100 per unit produced. Suppose that each visor takes 0.70 direct labor hours to produce and Shadee pays its workers $9 per hout Additional Information: Selling costs are expected to be 12 percent of sales . Fixed administrative expenses per month total $1,400 Required: Complete Shadee's budgeted Income statement for the months of May and June (Note: Assume that fixed overhead per unit is $5.00) (Do not round your intermediate calculations. Round your answers to 2 decimal places.) SHADEE CORP Budgeted Income Statement May June Required information Fixed administrative expenses per month total $1,400. Required: Complete Shadee's budgeted Income statement for the months of May and June (Note: Assume that fixed overhead per unit is $5.00 (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