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 Fixed Cost per Month Washed Cleaning supplies $ 0.70 $ Electricity $ 0.06 1,300 Maintenance $ 0.25 Wages and salaries $ $ 0.30 4,900 $ Depreciation 8,400 Rent $ 2,000 Administrative $ $ 0.02 expenses 1,400 For example, electricity costs are $1,300 per month plus $0.06 per car washed. The company actually washed 8,300 cars in August and collected an average of $6.40 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