Required information [The following information applies to the questions displayed below.] Shadee Corporation expects to sell 630 sun shades in May and 430 in June. Each shade sells for \\( \\$ 163 \\). Shadee's beginning and ending finished goods inventories for May are 65 and 60 shades, respectively. Ending finished goods inventory for June will be 60 shades. Each shade requires a total of \\( \\$ 65.00 \\) in direct materials that includes 4 adjustable poles that cost \\( \\$ 5.00 \\) each. Shadee expects to have 130 in direct materials inventory on May 1, 90 poles 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 \\( \\$ 14 \\) per hour. Additionally, Shadee's fixed manufacturing overhead is \\( \\$ 9,000 \\) per month, and variable manufacturing overhead is \\( \\$ 15 \\) per unit produced. Additional information: - Selling costs are expected to be 7 percent of sales. - Fixed administrative expenses per month total \\$1,200. 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