Required information [The following information applies to the questions displayed below.) Shadee Corp. expects to sell 530 sun visors in May and 420 in June. Each visor sells for $20. Shadee's beginning and ending finished goods inventories for May are 70 and 55 units, respectively, Ending finished goods inventory for June will be 60 units Each visor requires a total of $5.50 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 33 closures on hand on May 1, 21 closures on May 31, and 22 closures on June 30 and variable manufacturing overhead is $1.75 per unit produced. Suppose that each visor takes 0.10 direct labor 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 $1100 Required: Complete Shadee's budgeted income statement for the months of May and June. (Note: Assume that fixed overhead per unit is $5.00) (Do not round your intermediate calculations. Round your answers to 2 decimal places.) SHADEE CORP Budgeted Income Statement May June