Shadee Corporation expects to sell 530 sun shades in May and 360 in June. Each shade sells for $167. Shadee's beginning and ending finished goods inventories for May are 80 and 45 shades, respectively. Ending finished goods Inventory for June will be 60 shades. Each shade requires a total of $60.00 in direct materials that includes 4 adjustable poles that cost $5.00 each. Shadee expects to have 130 in direct matenals inventory on May 1. 80 poles in Inventory on May 31 , and 110 poles in inventory on June 30 . Suppose that each shade takes three direct labor hour to produce and Shadee pays its workers $15 per hour. Additionally. Shadee's fired manufacturing overhead is $11,000 per month, and variable manufacturing overhead is $13 per unit produced. Additional information: - Selling costs are expected to be 11 percent of sales - Fixed adininistrative expenses per month total $1700. Required: Prepare Shadee's budgeted income statement for the months of May and June. Note: Do not round your Intermedlate calculations. Round your answers to 2 decimal places