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 Cost per Car Washed Cleaning supplies Electricity Maintenance Wages and salaries Administrative expenses Depreciation Rent per Month $ 1,100 $4,600 $ 8,100 $ 2,000 $ 1,300 $ 0.50 $ 0.08 $ 0.20 $ 0.30 $0.04 For example, electricity costs are $1,100 per month plus $0.08 per car washed. The company actually washed 8,200 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