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: Cost per per Month Fixed Cost Car Washed Cleaning supplies $ 0.70 Electricity $ 1,200 $ 0.05 Maintenance $ 0.25 Wages and salaries $ 4,500 $ 0.30 Depreciation $ 8,100 Rent $ 2,100 Administrative expenses $ 1,300 $ 0.05 For example, electricity costs are $1,200 per month plus $0.05 per car washed. The company actually washed 8,600 cars in August and collected an average of $6.30 per car washed. Required: Prepare the company's flexible budget for August. Lavage Rapide Flexible Budget For the Month Ended August 31 Actual cars washed 8600 Revenue Expenses: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expense Net operating income