Exercise 9.9 (Algo) Planning 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 estimates concerning the company's costs Fixed Cost per Month Cost per Car Washed $8.50 $0.99 $ 0.30 $ 0.20 Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses $ 1,200 $ 4,300 $8,400 $ 2,100 $1,see $ e.es For example, electricity costs should be $1,200 per month plus $0.09 per car washed The company expects to wash 8.200 cars in August and to collect an average of $6.70 per car washed Required: Prepare the company's planning budget for August. Required: Prepare the company's planning budget for August. Lavage Rapide Planning Budget For the Month Ended August 31 Revenue Expenses: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expense Net operating income 0 $ 0