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Check my work 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 $1,500 Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Cost per Car Washed $ 0.70 $ 0.06 $ 0.25 $0.40 $ 4,400 $ 8,400 $1,800 $1,500 $ 0.03 For example, electricity costs are $1,500 per month plus $0.06 per car washed. The company expects to wash 8,200 cars in August and to collect an average of $6.20 per car washed. Required: Prepare the company's planning budget for August Lavage Rapide Planning Budget For the Month Ended August 31 Actual cars washed Revenue Expenses: Cleaning supplies Electricity Maintenance Check my work Rent Administrative expenses $1,800 $1,500 $ 0.03 For example, electricity costs are $1,500 per month plus $0.06 per car washed. The company expects to wash 8,200 cars in August and to collect an average of $6.20 per car washed. Required: Prepare the company's planning budget for August Lavage Rapide Planning Budget For the Month Ended August 31 Actual cars washed Revenue Expenses: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expense Net operating income