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 Cost per Car per Month Washed Cleaning supplies $ 0.80 Electricity $ 1,500 $ 0.10 Maintenance $ 0.20 Wages and salaries $ 4,600 $ 0.30 Depreciation $ 8,000 Rent $ 1,800 Administrative expenses $ 1,600 $ 0.02 For example, electricity costs are $1,500 per month plus $0.10 per car washed. The company expects to wash 8,200 cars in August and to collect an average of $6.00 per car washed. 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