[The following information applies to the questions displayed below] Shadee Corporation expects to sell 530 sun shades in May and 430 in June. Each shade sells for $146. Shadee's beginning and ending finished goods inventories for May are 80 and 55 shades, respectively. Ending finished goods inventory for June will be 70 shades. Each shade requires a total of $55.00 in direct materials that inciudes 4 adjustable poles that cost $10.00 each. Shadee expects to have 120 in direct materials inventory on May 1, 90 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 $14 per hour. Additionally. Shadee's fixed manufacturing overhead is $9,000 per month, and variable manufacturing overhead is $12 per unit produced. Additional information: - Selling costs are expected to be 7 percent of sales. - Fixed administrative expenses per month total $1,200. Required: Prepare Shadee's budgeted income statement for the months of May and June Note: Do not round your intermediate colculations. Round your answers to 2 decimal places