Exercise 9-8 (Algo) Flexible Budget [LO9-1] 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: CleaningsuppliesElectricityMaintenanceWagesandsalariesDepreciationRentAdministrativeexpensesFixedCostperMonth$1,100$4,600$0.30$8,100$2,000$1,400CostperCarWashed$0.80$0.09$0.20$0.02 For example, electricity costs are $1,100 per month plus $0.09 per car washed. The company actually washed 8,300 cars in August and collected an average of $6.20 per car washed. Required: Prepare the company's flexible budget for August. \begin{tabular}{|l|l|} \hline \multicolumn{2}{|c|}{ Lavage Rapide } \\ \hline \multicolumn{1}{|c|}{ Flexible Budget } \\ \hline 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 expense & \\ \hline Net operating income & $ \\ \hline \end{tabular}