Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near Montreal. The following table provides estimates concerning the company's costs: Cost per Car Washed Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Fixed Cost per Month $ 0.80 $ 1,2001 $ 0.05 $ 0.25 $ 4,700 $ 0.20 $ 8,300 $2,000 $1,500 $ 0.02 For example, electricity costs should be $1,200 per month plus $0.05 per car washed. The company actually washed 8,300 cars in August and collected an average of $6.90 per car washed. Required: Prepare the company's flexible budget for August. Lavage Rapide Flexible Budget For the Month Ended August 31 Prev 1 of 8 Next > For the Month Ended August 31 Revenue Expenses: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expense Net operating income