Required information [The following information applies to the questions displayed below] Shadee Corp. expects to sell 520 sun visors in May and 380 in June, Each visor sells for $16. Shadee's beginning and ending finished goods inventories for May are 80 and 45 units, respectively. Ending finished goods inventory for June will be 70 units Each visor requires a total of $4.00 in direct materials that includes an adjustable closure that the company purchases from a supplier at a cost of $1.50 each Shadee wants to have 30 closures on hand on May 1, 21 closures on May 31, and 26 closures on June 30 and variable manufacturing overhead is $125 per unit produced. Suppose that each visor takes 0.30 direct labor hours to produce and Shadee pays its workers $9 per hour Additional Information Selling costs are expected to be 8 percent of sales Fixed administrative expenses per month total 51.500. Required: Complete Shadee's budgeted income statement for the months of May and June (Note: Assume that fixed overhead per unit is $1.60) (Do not round your intermediate calculations. Round your answers to 2 decimal places.) SHADEE CORP Budgeted Income Statement May Budgeted Contribution Margin June Budgeted Gross Margin Budgetod Net Operating Income