Required information (The following information applies to the questions displayed below.) Shadee Corp. expects to sell 550 sun visors in May and 440 in June. Each visor sells for $15. Shadee's beginning and ending finished goods inventories for May are 75 and 45 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 supplier Variable manufacturing overhead is $1.00 per unit produced. Suppose that each visor takes 0.10 direct labor hours to produce and Shaclee pays its workers $8 per hour. Additional information: - Selling costs are expected to be 10 percent of sales. - Fixed administrative expenses per month total $1,500. 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 Cost of Goods Sold Budgeted Sales Budgeted Gross Margin Budgeted Selling and Administrative Expenses Budgeted Net Operating Income