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 Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Fixed Cost per Month Car Washed $ 0.50 $ 1,100. $ 0.08 $ 0.10 $ 4,400 $ 0.20 $ 8,200 $ 2,100 $ 1,700 $ 0.04 For example, electricity costs are $1,100 per month plus $0.08 per car washed. The company expects to wash 8,000 cars in August and to collect an average of $6.30 per car washed. Required: Prepare the company's planning budget for August. Answer is not complete. Lavage Rapide Planning Budget For the Month Ended August 31 Revenue $ 50,400 ( Expenses: Cleaning supplies 4,150 Electricity 1,764 O Maintenance 830 Wages and salaries 6,060 Depreciation 8,200 Rent 2,100 Administrative expenses 1,700 00000 Total expense 24,804 Net operating income $ 25,596