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 per Month Cost per Car Washed $ 1,000 Cleaning supplies Electricity Maintenance Wages and salaries Depreciation $ 0.40 $ 0.06 $ 0.10 $ 0.30 $ 4,900 $ 8,000 $ 2,200 $ 1,600 Rent Administrative expenses $ 0.04 For example, electricity costs should be $1,000 per month plus $0.06 per car washed. The company expects to wash 8,100 cars in August and to collect an average of $6.00 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 0 $ 0 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 per Month Cost per $ 1,400 Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Car Washed $ 0.40 $ 0.08 $ 0.10 $ 0.30 $ 4,700 $ 8,400 $ 2,100 $ 1,600 $ 0.03 For example, electricity costs should be $1,400 per month plus $0.08 per car washed. The company actually washed 8,300 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 Rent Administrative expenses Total expense 0 Net operating income $ 0