Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Fixed Cost per Month Cost per Car Washed $ 0.70 $1,000 $ 0.10 $ 0.15 $ 4,900 $ 0.30 $ 8,400 $2,100 $1,400 $ 0.03 For example, electricity costs are $1,000 per month plus $0.10 per car washed. The company expects to wash 8,100 cars in August and to collect an average of $6.90 per car washed. Required: Prepare the company's planning budget for August. Lavage Rapide Planning Budget For the Month Ended August 31 Actual cars washed Revenue Expenses: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expense Net operating income