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Shadee Corporation expects to sell $610$ sun shades in May and $400$ in June. Each shade sells for $$147.$

Shadee's beginning and ending finished goods inventories for May are $80$ and $45$ shades, respectively.

Ending finished goods inventory for June will be $55$ shades.

Each shade requires a total of $$45\mathrm{.}00$ in direct materials that includes $4$ adjustable poles that cost $$10\mathrm{.}00$ each. Shadee

expects to have $130$ in direct materials inventory on May $1,100$ pales 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 $$12,090$ per month, and variable manufacturing overhead is

$$10$ per unit produced.

Adc in information:

Selling costs are expected to be $11$ percent of sales.

Fixed administrative expenses per month total $$1,400.$

Required:

Prepare Shadee'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.