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 per Car Month Washed Cleaning supplies $ 0.60 $ k Electricity $ 0.09 1,000 Maintenance $ 0.25 Wages and salaries 4,100 $ 0.20 Depreciation $ 8,300 $ 2,100 $ $ 0.04 1,400 nce Rent Administrative expenses For example, electricity costs are $1,000 per month plus $0.09 per car washed. The company expects to wash 8,200 cars in August and to collect an average of $6.20 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 Net operating income