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 $11,000 per month, and variable manufacturing overhead is $14 per unit produced. Additional information: - Selling costs are expected to be 11 percent of sales. - Fixed administrative expenses per month total $1,100. 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. 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 $11,000 per month, and variable manufacturing overhead is $14 per unit produced. Additional information: - Selling costs are expected to be 11 percent of sales. - Fixed administrative expenses per month total $1,100. 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