Exercise 9-10 (Algo) Flexible Budget [L09-1] Lavage Rapide owns and operates a large automatic car wash facility near Montreal. The following table provides estimates concerning the company's costs: For example, electricity costs should be $1,400 per month plus $0.09 per car washed. The company actually washed 8,600 cars in August and collected an average of $6.00 per car washed. Required: Prepare the company's flexible budget for August. \begin{tabular}{|l|l|} \hline \multicolumn{2}{|c|}{ Lavage Rapide } \\ \hline \multicolumn{2}{|c|}{ Foxible Budget } \\ \hline \multicolumn{2}{|c|}{ For the Month Ended August 31 } \\ \hline Revenue & \\ \hline Expenses: & \\ \hline Cleaning supplies & \\ \hline Electricity & \\ \hline Maintenance & \\ \hline Wages and salaries & \\ \hline Depreciation & \\ \hline Rent & $ \\ \hline Administrative expenses & \\ \hline Total expenses & \\ \hline Net operating income & \\ \hline \end{tabular}