Fixed Cost per Month Cost per Car Washed. $ 0.801 Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent $ 1,200 $ 5,000 $ 6,000- Administrative expenses $8,000 $4,000 $ 0.15 $ 0.20 $ 0.30 $ 0.10 For example, electricity costs are $1,200 per month plus $0.15 per car washed. The company expects to wash 9,000 cars in August and to collect an average of $4.90 per car washed. Required: Prepare the company's planning budget for August. Required: Prepare the company's planning budget for August. Answer is complete but not entirely correct. Lavage Rapide Planning Budget For the Month Ended August 31 Budgeted cars washed Revenue 9,000 $ 980 Expenses: Cleaning supplies 7,200 Electricity 2,550 Maintenance 1,800 Wages and salaries 7,700 Depreciation 6,000 Rent 8,000 Administrative expenses 38,150x Total expense 71,400 Net operating income $ (70,420)