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 Cost per Car per Washed Month Cleaning supplies $ 0.70 Electricity $ $ 0.08 1,400 Maintenance $ 0.25 Wages and salaries $ $ 0.30 4,300 $ Depreciation 8,300 $ 1,900 $ $ 0.03 1,700 Rent Administrative expenses For example, electricity costs should be $1,400 per month plus $0.08 per car washed. The company actually washed 8,400 cars in August and collected an average of $6.10 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