Required information The following information applies to the questions displayed below) Shadee Corp expects to sell 550 sun visors in May and 380 in June. Each visor sells for $25. Shadee's beginning and ending finished goods inventories for May are 70 and 50 units, respectively, Ending finished goods inventory for June will be 60 units Each visor requires a total of $5.00 in direct materials that includes an adjustable closure that the company purchases from a suppler at a cost of $2.00 each Shadee wants to have 33 closures on hand on May 1, 22 closures on May 31 and 26 closures on June 30 and variable manufacturing overhead is $175 per unit produced. Suppose that each visor tokes 070 direct labor hours to produce and Shadee pays its workers Sil per hour Additional information Selling costs are expected to be 7 percent of sales Fixed administrative expenses per month total $1600, Required: Complete Shadee's budgeted income statement for the months of May and June (Note: Assume that fixed overhead per unit is $200) (Do not round your intermediate calculations. Round your answers to 2 decimal places.)