SB Exercise E8-5 to E8-10 [The following in Gormation apples to the questions displayed below] Shadee Corporabon expects to seo 560 wun shades in May and 350 in June. Each shade sels for 5150 Shadee's begnning and ending flinished pcodis inventories for May are 60 and 50 shades, respectuvely Ending finished goods inventory for lune wh be 60 stiades EB-10 (Algo) Preporing Budgeted Income Statement [LO 8-3h] Each shade requires a total of $5500 n direct materiak that includes 4 adjustable poles that cost 5500 each Shadee expects to have 120n direct materiais inveniory or May 1, 100 poles in inventory on May 31 , and 110 poles in inventory on June 30 Suppose that each stude lakes thee siect labor hour to produce and Shadee pays its workers $12 per hour Additionally, Shadee's fixed manuaktiring everthead is $1t000 per month and variable manufactaring overhead is $11 per unit produced Additional informotion: - Seling conts are expected to be 6 peicent of sabes - Fined adinivitrative expenses per month sotal 51,700 Required: Required: Shodee's buidgeted income statement for the months of May and June. Note: Do not round your intecrnediate calculetions. Round your answers to 2 decimat places