Exercise 9-7 Planning Budget (LO9-1] 1.33 points Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near Montreal. The following table provides data concerning the company's costs: Fixed Cost per Month eBook $ 1,100 Cost per Car Washed $ 0.70 $ 0.06 $ 0.20 $ 0.40 Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses $ 4,100 $ 8,400 $ 2,100 $ 1,400 Hint $ 0.94 Print For example, electricity costs are $1,100 per month plus $0.06 per car washed. The company expects to wash 8,500 cars in August and to collect an average of $6.70 per car washed. References Required: Prepare the company's planning budget for August. Lavage Rapide Planning Budget For the Month Ended August 31 Expenses: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expense Net operating income