Fixed Cost per MonthCost per Car WashedCleaning supplies $ 0.50Electricity$ 1,400$ 0.06Maintenance $ 0.20Wages and salaries$ 4,600$ 0.30Depreciation$ 8,100 Rent$ 2,100 Administrative expenses$ 1,300$ 0.04

For example, electricity costs should be $1,400 per month plus $0.06 per car washed. The company expects to wash 8,100 cars in August and to collect an average of $6.80 per car washed.

Required:

Prepare the companys planning budget for August

\begin{tabular}{|l|l|} \hline \multicolumn{1}{|c|}{ Lavage Rapide } \\ \multicolumn{1}{|c|}{ Planning Budget } \\ \hline \multicolumn{1}{|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 expense \\ \hline Net operating income & \\ \hline \end{tabular}