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: Cost per Car Washed Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Fixed Cost per Month $ 0.60 $ 1,200 $ 0.07 $ 0.20 $ 4,100 $ 0.30 $ 8,500 $2,200 $ 1,500 $ 0.01 For example, electricity costs should be $1,200 per month plus $0.07 per car washed. The company expects to wash 8,000 cars in August and to collect an average of $6.50 per car washed. Required: Prepare the company's planning budget for August. Lavage Rapide Planning Budget For the Month Ended August 31 Actual cars washed Revenue Expenses Cleaning supplies Electricity Maintenance Wages and salaries For example, electricity costs should be $1,200 per month plus $0.07 per car washed. The company expects to wash 8,000 cars in August and to collect an average of $6.50 per car washed. Required: Prepare the company's planning budget for August. Lavage Rapide Planning Budget For the Month Ended August 31 Actual cars washed Revenue Expenses Cleaning supplies Electricity Maintenance Wages and salanes Depreciation Rent Administrative expenses Total expense Net operating income 0 $ 0