Required information {The following information applies to the questions displayed below) Shadee Corp. expects to sell 520 sun visors in May and 390 in June. Each visor sells for $17. Shadee's beginning and ending finished goods inventories for May are 85 and 55 units, respectively, Ending finished goods inventory for June will be 65 units Each visor requires a total of $4.50 in direct materials that includes an adjustable closure that the company purchases from a supplier at a cost of $2.00 each. Shadee wants to have 25 closures on hand on May 1, 21 closures on May 31, and 26 closures on June 30 and variable manufacturing overhead is $1.00 per unit produced. Suppose that each visor takes 0.50 direct labor hours to produce and Shadee pays its workers 57 per hour. Additional Information: Selling costs are expected to be 8 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 fixed overhead per unit is $2.00.) (Do not round your intermediate calculations. Round your answers to 2 decimal places.) SHADEE CORP Budgeted Income Statement May June Budgeted Gross Margin