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		$ 0.50
Electricity	$ 1,200	$ 0.10
Maintenance		$ 0.10
Wages and salaries	$ 4,600	$ 0.40
Depreciation	$ 8,200
Rent	$ 2,100
Administrative expenses	$ 1,600	$ 0.04

For example, electricity costs are $1,200 per month plus $0.10 per car washed. The company expects to wash 8,400 cars in August and to collect an average of $6.00 per car washed.

Required:

Prepare the companys 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	0
Net operating income	$0