Required information The following information applies to the questions displayed below) Shadee Corp expects to sell 600 sun visors in May and 800 in June. Each visor sells for $18 Shadee's beginning and ending finished goods inventories for May are 75 and 50 units, respectively. Ending finished goods inventory for June will be 60 units Each visor requires a total of 54 00 in direct materials that includes an adjustable closure that the company purchases from a supplier at a cost of $150 each. Shadee wants to have 30 closures on hand on May 1, 20 closures on May 31 and 25 closures on June 30 and variable manufacturing overhead is $125 per unit produced. Suppose that each visor takes 0 30 direct tabor hours to produce and Shadee pays its workers $9 per hour Additional information: Selling costs are expected to be 6 percent of sales. Fixed administrative expenses per month total $1.200 Required: Complete Shadee's budgeted income statement for the months of May and June. (Note: Assume that lied overhead per unit is $2) (Do not round your intermediate calculations.) SHADEE CORP Budgeted Income Statement Hudgeted Gross Margin Budgeted Net Operating Income