Required information [The following information applies to the questions displayed below.] Shadee Corp. expects to sell 540 sun visors in May and 440 in June. Each visor sells for $24. Shadee's beginning and ending finished goods inventories for May are 70 and 40 units, respectively. Ending finished goods inventory for June will be 65 units. Each visor requires a total of $4.50 in direct materials that includes an adjustable closure that the company purchases from a supplier at a cost of $1.50 each. Shadee wants to have 32 closures on hand on May 1,20 closures on May 31 , and 24 closures on June 30 and variable manufacturing overhead is $0.75 per unit produced. Suppose that each viso takes 0.60 direct labor hours to produce and Shadee pays its workers $8 per hour. Additional information: - Selling costs are expected to be 6 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 $6.00.) (Do not round your intermediate calculations. Round your answers to 2 decimal places.) \begin{tabular}{|l|} \hline SHAdgeted Income Statement \\ Budgeted Contribution Margin \\ Budgeted Cost of Goods Sold \\ Budgeted Interest Expense \\ \hline Budgeted Sales \\ \hline Budgeted Net Operating Income \\ \hline \end{tabular} \begin{tabular}{|l} SHAdgeted Income Statement \\ Budgeted Cost of Goods Sold \\ Budgeted Interest Expense \\ Bules \\ Budgeted Sales Returns and Allowances \\ Budgeted Selling and Administrative Expenses \\ \hline Budgeted Net Operating Income \\ \hline \end{tabular}