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		$	0.10
Maintenance				$	0.20
Wages and salaries	$	4,900		$	0.20
Depreciation	$	8,100
Rent	$	1,900
Administrative expenses	$	1,500		$	0.04

For example, electricity costs are $1,200 per month plus $0.10 per car washed. The company expects to wash 8,300 cars in August and to collect an average of $6.70 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 Net operating income