Required information [The following information applies to the questions displayed below.] Shadee Corp. expects to sell 500 sun visors in May and 310 in June. Each visor sells for $19. Shadee's beginning and ending finished goods inventories for May are 85 and 50 units, respectively. Ending finished goods inventory for June will be 60 units. Each visor requires a total of $3.50 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 28 closures on hand on May 1,21 closures on May 31 , and 21 closures on June 30 and variable manufacturing overhead is $1.00 per unit produced. Suppose that each visor takes 0.20 direct labor hours to produce and Shadee pays its workers $10 per hour. Additional information: - Selling costs are expected to be 10 percent of sales. - Fixed administrative expenses per month total $1,600. lequired: 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.)