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: Fixed Cost per Cost Car Washed per Month 0.60 0.07 Cleaning supplies Electricity $1,500 Maintenance 0.25 $4,800 $8,100 $2,000 $1,500 Wages and salaries 0.20 Depreciation Rent Administrative expenses 0.04 For example, electricity costs are $1,500 per month plus $0.07 per car washed. The company actually washed 8,500 cars in August and collected an average of $6.40 per car washed. Required: Prepare the company's flexible budget for August. Lavage Rapide Flexible Budget For the Month Ended August 31 Revenue Expenses: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expense Net operating income