Required information [The following information applies to the questions displayed below.) Shadee Corp. expects to sell 610 sun visors in May and 310 in June. Each visor sells for $21. Shadee's beginning and ending finished goods inventories for May are 65 and 60 units, respectively. Ending finished goods inventory for June will be 70 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 25 closures on hand on May 1, 23 closures on May 31, and 25 closures on June 30 and variable manufacturing overhead is $2.50 per unit produced. Suppose that each visor takes 0.40 direct labor hours to produce and Shadee pays its workers $11 per hour Additional information: Selling costs are expected to be 10 percent of sales. Fixed administrative expenses per month total $1,600 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.) requirea: 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 Budgeted Sales Budgeted Cost of Goods Sold June Budgeted Gross Margin Budgeted Selling and Administrative Expenses Budgeted Net Operating Income