Shadee Corporation expects to sell $600$ sun shades in May and $800$ in June. Each shade sells for $$180.$ Shadee's beginning and ending finished goods inventories for May are $75$ and $50$ shades, respectively. Ending finished goods inventory for June will be $60$ shades.

Each shade requires a total of $$40$ in direct materials that includes $4$ adjustable poles that cost $$5\mathrm{.}00$ each. Shadee expects to have $120$ poles 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 $$9$ per hour. Additionally, Shadee's fixed manufacturing overhead is $$10,000$ per month, and variable manufacturing overhead is $$13$ per unit produced.

Additional information:

Selling costs are expected to be $6$ percent of sales.

Fixed administrative expenses per month total $$12,000.$

Required:

Prepare Shadee's budgeted income statement for the months of May and June.

Note: Do not round your intermediate calculations.