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 companys costs:

	Fixed Cost per Month	Cost per Car Washed
Cleaning supplies		$ 0.40
Electricity	$ 1,300	$ 0.05
Maintenance		$ 0.20
Wages and salaries	$ 4,500	$ 0.20
Depreciation	$ 8,300
Rent	$ 2,000
Administrative expenses	$ 1,500	$ 0.03

For example, electricity costs should be $1,300 per month plus $0.05 per car washed. The company expects to wash 8,000 cars in August and to collect an average of $6.70 per car washed.

Required:

Prepare the companys planning budget for August.

Lavage Rapide
Planning Budget
For the Month Ended August 31
Revenue
Expenses:
Cleaning supplies
Electricity
Maintenance
Wages and salaries
Depreciation
Rent
Administrative expenses
Total expense	0
Net operating income	$0