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 Depreciation Rent Administrative expenses per Month $ 0.70 $ 1,300 $ 0.06 $ 0.30 $ 4,100 $ 0.30 $ 8,400 $ 2,000 $ 1,700 $ 0.01 For example, electricity costs are $1,300 per month plus $0.06 per car washed. The company actually washed 8,200 cars in August and collected an average of $6.30 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