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 $ 0.40 Electricity $ 0.07 1,400 Maintenance $ 0.20 Wages and salaries $ 4,500 $ 0.30 Depreciation $ 8,300 $ 1,900 1,300 $ 0.04 Rent Administrative expenses For example, electricity costs are $1,400 per month plus $0.07 per car washed. The company actually washed 8,400 cars in August and collected an average of $6.30 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