7 Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near Montreal. The following table provides estimates concerning the company's costs: 9.09 points Fixed cost Cost per per month Car Washed Cleaning supplies $8.50 Electricity $ 1,589 $ @.ee Maintenance $ 0.20 Hages and salaries $ 4,600 $ 0.40 Depreciation $ 8,100 Rent $ 2,200 Administrative expenses $ 1,400 $ 0.01 For example, electricity costs should be $1.500 per month plus $0.09 per car washed. The company expects to wash 8,200 cars in August and to collect an average of $6.50 per car washed. Required: Prepare the company's planning budget for August. eBook Hint Ask Lavage Rapide Planning Budget For the Month Ended August 31 References Revenue Expenses: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expense Net operating income