Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near Montreal. The following table provides estimates concerning the company's costs: Fixed Cost per Month Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Cost per Car Washed $1,500 $ 0.50 $0.09 $ 0.15 $4,200 $0.30 $8,100 $1,90045 $1,700 $0.04 For example, electricity costs should be $1,500 per month plus $0.09 per car washed. The company actually washed 8.200 cars in August and collected an average of $6.50 per car washed. Required: Prepare the company's flexible budget for August. Lavage Rapide Flexible Budget For the Month Ended August 31 Revenue S 55.250 Expenses: Cleaning supplies 4.250 Electricity 1.965 Maintenance 850 Wages and salaries 0,750 Depreciation 8.500 Rent 1,900 Administrative expenses 2.040 Total expense 26.255 Net operating income S 28.005