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: Fixed cost per Month Cost per Car Washed $ 0.40 $ 0.09 $ 0.10 $ 0.30 Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses $ 1,000 $ 4,700 $ 8,100 $ 2,000 $ 1,600 $ 0.04 For example, electricity costs are $1,000 per month plus $0.09 per car washed. The company expects to wash 8,200 cars in August and to collect an average of $6.10 per car washed. For example, electricity costs are $1,000 per month plus $0.09 per car washed. The company expects to wash 8,200 cars in August and to collect an average of $6.10 per car washed. Required: Prepare the company's 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 Net operating income

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