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 Fixed Cost per Month Car Washed Cleaning supplies $ 0.70 $ Electricity $ 0.08 1,200 Maintenance $ 0.10 $ Wages and salaries $ 0.20 4,400 $ Depreciation 8,400 $ Rent 1,900 Administrative $ $ 0.03 expenses 1,400 For example, electricity costs are $1,200 per month plus $0.08 per car washed. The company expects to wash 8,100 cars in August and to collect an average of $6.80 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