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: Cost per Car Washed Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Fixed Cost per Month $ 0.50 $ 1,200 $ 0.06 $0.30 $ 4,500 $ 0.40 $8,100 $1,900 $1,400 $ 0.03 For example, electricity costs are $1,200 per month plus $0.06 per car washed. The company expects to wash 8.400 cars in August and to collect an average of $6.70 per car washed. bok int rint Required: Prepare the company's planning budget for August. Lavage Rapide Planning Budget For the Month Ended August 31 -rences Revenue Expenses: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expense Net operating income