! Required information (The following information applies to the questions displayed below.) Part 6 of 6 Shadee Corp. expects to sell 540 sun visors in May and 330 in June. Each visor sells for $28. Shadee's beginning and ending finished goods inventories for May are 75 and 50 units, respectively. Ending finished goods inventory for June will be 65 units. 8.33 points eBook 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 $2.50 each. Shadee wants to have 28 closures on hand on May 1, 18 closures on May 31, and 22 closures on June 30 and variable manufacturing overhead is $2.50 per unit produced. Suppose that each visor takes 0.70 direct labor hours to produce and Shadee pays its workers $10 per hour. Hint Additional information: Selling costs are expected to be 12 percent of sales. . Fixed administrative expenses per month total $1,200. References 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 Income