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 companys costs:

Fixed Cost per Month Cost per Car Washed Cleaning supplies $ 0.60 Electricity $ 1,100 $ 0.06 Maintenance $ 0.25 Wages and salaries $ 4,800 $ 0.30 Depreciation $ 8,400 Rent $ 2,000 Administrative expenses $ 1,700 $ 0.05

For example, electricity costs should be $1,100 per month plus $0.06 per car washed. The company expects to wash 8,200 cars in August and to collect an average of $6.30 per car washed.

Required:

Prepare the companys planning budget for August.

Lavage Rapide Planning Budget For the Month Ended August 31 \begin{tabular}{|l|l|} \hline & \\ \hline Revenue & \\ \hline Expenses: & \\ \hline Cleaning supplies & \\ \hline Electricity & \\ \hline Maintenance & \\ \hline Wages and salaries & \\ \hline Depreciation & \\ \hline Rent & \\ \hline \multicolumn{1}{|c|}{ Administrative expenses } & \\ \hline Total expense & $ \\ \hline Net operating income & 0 \\ \hline \hline \end{tabular}