Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near Montreal. The following table provides estimates concerning the company's costs: Fixed cost per Month Coat per Car Washed $0.60 $ 0.06 $ 0.15 $ 0.20 Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses $1,100 $ 4,800 $ 8,400 $1,800 $1,600 $ 0.04 For example, electricity costs should be $1,100 per month plus $0.06 per car washed. The compahy expects to wash 8,200 cars in August and to collect an average of $6.70 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 0 Net operating income $ 0