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 companys costs:

	Fixed Cost per Month	Cost per Car Washed
Cleaning supplies		$ 0.80
Electricity	$ 1,200	$ 0.15
Maintenance		$ 0.20
Wages and salaries	$ 5,000	$ 0.30
Depreciation	$ 6,000
Rent	$ 8,000
Administrative expenses	$ 4,000	$ 0.10

For example, electricity costs are $1,200 per month plus $0.15 per car washed. The company actually washed 8,800 cars in August and collected an average of $4.90 per car washed.

Required:

Prepare the companys flexible budget for August.

\begin{tabular}{|l|l|} \hline \multicolumn{2}{|c|}{ Favage Rapide } \\ \hline \multicolumn{2}{|c|}{ Flexible Budget } \\ \hline & \\ \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}