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 per Month Car Washed Cleaning supplies $0.80 Electricity $1,000 $0.05 Maintenance $0.30 Wages and salaries $4,500 $0.30 Depreciation $8, 100 Rent $2, 200 Administrative expenses $1,600 $0.03 For example, electricity costs should be $1,000 per month plus $0.05 per car washed. The company actually washed 8,500 cars in August and collected an average of $6.40 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 Ren Administrative expenses Total expense Net operating income