Required information The following information applies to the questions displayed below.) Shadee Corp. expects to sell 610 sun visors in May and 370 in June. Each visor sells for $25. Shadee's beginning and ending finished goods inventories for May are 80 and 40 units, respectively, Ending finished goods Inventory for June will be 50 units. Each visst 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 27 closures on hand on May 1, 17 closures on May 31, and 24 closures on June 30 and variable manufacturing overhead is $0.75 per unit produced. Suppose that each visor takes 0.20 direct labor hours to produce and Shadee pays its workers 512 per hour. Additional information Seling costs are expected to be 7 percent of sales Faed administrative expenses per month total $1600 Required: Complete Shadee's budgeted income statement for the months of May and June (Note: Assume that wed overhead per unit is $8.00) Do not round your intermediate calculations. Round your answers to 2 decimal places:) SHADEE CORP Budgeted income statement May June Required information Required: Complete Shadee's budgeted income statement for the months of May and June. (Note: Assume to (Do not round your intermediate calculations. Round your answers to 2 decimal places.) SHADEE CORP Budgeted Income Statement May June Budgeted Sales aces Budgeted Gross Margin Budgeted Net Operating Income