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 Month Cost per Car Washed Cleaning supplies $ 0.70 Electricity $ 1,100 $ 0.07 Maintenance $ 0.20 Wages and salaries $ 4,200 $ 0.30 Depreciation $ 8,200 Rent $ 2,100 Administrative expenses $ 1,600 $ 0.03 For example, electricity costs are $1,100 per month plus $0.07 per car washed. The company actually washed 8,400 cars in August and collected an average of $6.00 per car washed. Required: Prepare the company's flexible budget for August. Revenue Lavage Rapide Flexible Budget For the Month Ended August 31 Expenses: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expense Net operating income