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 $ 1,100 cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses $ 0.80 $ 0.05 $ 0.25 $ 0.20 $ 4,700 $ 8,400 $ 1,800 $ 1,700 $ 0.01 For example, electricity costs should be $1,100 per month plus $0.05 per car washed. The company expects to wash 8,200 cars in August and to collect an average of $6.70 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 0 Net operating income $ 0