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 Electricity $ 0.07 1,400 Maintenance $ 0.20 Wages and salaries $ $ 0.30 4,700 $ Depreciation 8,100 Rent $ 2,100 Administrative $ $ 0.02 expenses 1,400 For example, electricity costs are $1,400 per month plus $0.07 per car washed. The company expects to wash 8,200 cars in August and to collect an average of $6.40 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