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 companys costs:

	Fixed Cost per Month			Cost per Car Washed
Cleaning supplies				$	0.80
Electricity	$	1,100		$	0.08
Maintenance				$	0.25
Wages and salaries	$	4,300		$	0.20
Depreciation	$	8,400
Rent	$	1,900
Administrative expenses	$	1,600		$	0.04

For example, electricity costs are $1,100 per month plus $0.08 per car washed. The company expects to wash 8,500 cars in August and to collect an average of $6.10 per car washed.

Required:

Prepare the companys planning budget for August.

Revenue

Expenses:

Cleaning Supplies

Electricity

Maintanence

Wages and Salaries

Depreciation

Rent

Adminsitrative expenses

Total expense

Net operating income