Required Information [The following information applies to the questions displayed below.] Shadee Corp. expects to sell 570 sun visors in May and 330 In June. Each visor sells for $19. Shadee's beginning and ending finished goods Inventories for May are 90 and 40 units, respectively Ending finished goods Inventory for June will be 55 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 $200 each. Shadee wants to have 33 closures on hand on May 1, 21 closures on May 31, and 23 closures on June 30 and variable manufacturing overhead is $1.25 per unit produced. Suppose that each visor takes 0.50 direct labor hours to produce and Shadee pays its workers $12 per hour. Additional information Selling costs are expected to be 11 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 $100.) (Do not round your Intermediate calculations. Round your answers to 2 decimal places.) SHADEE CORP Budgeted Income Statement May June Budgeted Sales $ 10,830.00 $ 6,270.00 Budgeted Cost of Goods Sold Budgeted Contribution Margin Budgeted Gross Margin Budgeted Selling and Administrative Expenses Budgeted Net Operating Income