Shadee Corporation expects to sell 650 sun shades in May and 390 in June. Each shade sells for $142. Shadee's beginning and ending finished goods inventories for May are 60 and 40 shades, respectively. Ending finished goods inventory for June will be 70 shades. Each shade requires a total of $55.00 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 110 poles in inventory on June 30. Suppose that each shade takes three direct labor hour to produce and Shadee pays its workers $12 per hour Additionally. Shadee's fixed manufacturing overhead is $12.000 per month, and variable manufacturing overhead is $13 per unit produced. Adiditional 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 colculotions. Round your answers to 2 decimol places