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 per Month Cleaning supplies Electricity Maintenance Mages and salaries Depreciation Rent Administrative expenses Mashed $0.50 $1,500 $ 0.07 $ 0.10 $ 4,900 $ 0.30 $ 8,500 $2,000 $1,500 $0.05 For example, electricity costs are $1,500 per month plus $0.07 per car washed. The company expects to wash 8,000 cars in August and to collect an average of $6.70 per car washed Required: Prepare the company's planning budget for August Revenue Lavage Rapide Planning Budget For the Month Ended August 31 Expenses Cleaning supplies Electricty Maintenance: Wages and salaries Rent $ 2,000 Administrative expenses $ 1,500 $ 0.05 For example, electricity costs are $1,500 per month plus $0.07 per car washed. The company expec and to collect an average of $6.70 per car washed. Required: Prepare the company's planning budget for August. Lavage Rapide Planning 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