The following information applies to the questions displayed betow? Shadee Corpotation expects to sel 620 sun stades in May and 370 inf tune Fach shade sels for $141. Shadee's beginning and ending finished goods itventories for May are 80 and 50 shades, respectively. Ending finished goods. inventory for June will be 60 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 1,90 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 $12 per hour. Additionally. Shadee's fixed manufacturing overhead is $8,000 per month, and variable manufacturing overiead is $12 per unit produced. Additional information: - Selling costs are expected to be 9 percent of sales. - Fixed administrative expenses per month total $1,300. 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 ploces