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 Fixed Cost per Month Car Washed $ 1,200 Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses $ 0.60 $ 0.08 $ 0.30 $ 0.20 $ 4,800 $ 8, 200 $ 1,900 $ 1,400 $ 0.05 For example, electricity costs should be $1,200 per month plus $0.08 per car washed. The company actually washed 8,300 cars in August and collected an average of $6.70 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 O Net operating income $ 0