Required information [The following information applies to the questions displayed below.] Shadee Corporation expects to sell 580 sun shades in May and 330 in June. Each shade sells for $143. Shadee's beginning and ending finished goods inventories for May are 65 and 45 shades, respectively. Ending finished goods inventory for June will be 65 shades. Each shade requires a total of $45.00 in direct materials that includes 4 adjustable poles that cost $10.00 each. Shadee expects to have 120 in direct materials inventory on May 1,80 poles in inventory on May 31 , and 100 poles in inventory on June 30. Suppose that each shade takes three direct labor hour to produce and Shadee pays its workers \$14 per hour. Additionally. Shadee's fixed manufacturing overhead is $12,000 per month, and variable manufacturing overhead is $11 per unit produced. Additional information: - Selling costs are expected to be 11 percent of sales. - Fixed administrative expenses per month total $1,600. Required: Prepare Shadee's budgeted income statement for the months of May and June. Note: Do not round your intermediate calculations. Round your answers to 2 decimal places